President Donald Trump officially launched his meme coin 'TRUMP'. Speaking to reporters, he admitted he is not yet informed on its performance.
Launch of TRUMP Meme Coin
Last week, the 'TRUMP' meme coin was unveiled by Trump, who noted it was 'very successful', though he had not reviewed its performance. The price of 'TRUMP' fell 30% but later recovered.
Position and Prospects of TRUMP and MELANIA Meme Coins
CIC Digital LLC, affiliated with the Trump Organization, launched the 'TRUMP' meme coin which reached a market cap of $15 billion before falling to $8 billion. Despite fluctuations, both 'TRUMP' and 'MELANIA' coins are entering the top 100 for value.
Cryptocurrency Policy and Other Trump Initiatives
On his first day, Trump signed orders and pardoned protesters. While he did not address Bitcoin reserves, he plans to make cryptocurrency a policy priority and appointed David Sacks as crypto czar.
Trump reveals initiatives, yet many questions remain regarding his administration's cryptocurrency policy.
