U.S. President on TRUMP Token Surge: “I Don’t Know Much About It”

user avatar

by Giorgi Kostiuk

2 years ago

The U.S. President made a statement about the success of the TRUMP token, emphasizing his minimal involvement in the project.

President on TRUMP Token

At a press briefing about a joint venture between OpenAI, Oracle, and SoftBank, the U.S. President was questioned about the TRUMP token. He responded that he is unaware of the token's current status and whether he benefited from it, noting: “I don’t know much about it other than I launched it.”

That's peanuts to these guys.President

Impact on the Crypto Market

The TRUMP token has sparked significant controversy within the crypto community, with critics like billionaire Mark Cuban warning it may undermine trust in the crypto space. Concerns about transparency and possible market manipulation have also been raised.

Current TRUMP Token Value

As of the time of writing, the TRUMP token was valued at $43.02, marking an 18% increase over the last 24 hours. It ranks as the third-largest meme token after Dogecoin and Shiba Inu, though it's still 41% below its all-time high.

The President's statements have drawn significant attention to the TRUMP meme token, reflecting on its value and impact on the crypto community.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Other Crypto Funds Experience Significant Withdrawals

Other cryptocurrency ETF categories, including Solana and XRP, recorded significant withdrawals, indicating a broader trend of selling pressure.

user avatarSatoshi Nakamura

MEGA Plans AI Marketplace Launch for December

MEGA is set to launch an AI inference marketplace in December, allowing customers to access services from various AI model providers.

user avatarNguyen Van Long

MEGA Reduces Workforce to Shift Focus to AI Products

MEGA has laid off 20 employees as part of a restructuring to expand into artificial intelligence, moving beyond its blockchain infrastructure.

user avatarKofi Adjeman

Institutional Withdrawals from Crypto ETFs Reach Over $1 Billion

Institutional demand for crypto ETFs has weakened significantly, with US spot Bitcoin ETFs experiencing over $1 billion in withdrawals for the second consecutive week.

user avatarJesper Sørensen

Ethereum Staking Hits Record Levels Despite Price Drop

Ethereum's staking rate has surged to an all-time high of 36.3% of total supply, even as the price of ETH has fallen to around $2,000.

user avatarRajesh Kumar

Jane Street Boosts Bitcoin ETF Holdings Amid Market Changes

Jane Street has significantly increased its stake in major Bitcoin ETFs, particularly in Fidelity's Wise Origin Bitcoin Fund, reflecting strong client demand and trading activity in the Bitcoin market.

user avatarLucas Weissmann

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.