The Crypto Meme Coin That Made People Rich on Saturday

The Crypto Meme Coin That Made People Rich on Saturday
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A memecoin bearing Donald Trump’s name has taken the cryptocurrency world by storm, creating instant millionaires and sparking widespread confusion. Early Saturday, what appears to be an "official" Donald Trump memecoin, launched on Trump’s verified X and Truth Social accounts, skyrocketed from just a few cents to $14 within six hours. Traders worldwide were left wondering—is this token real, or could Trump’s account have been hacked? The frenzy gained momentum after reports emerged of one trader turning a $1.09 million investment into nearly $30.8 million—a staggering 2,634% gain in under two hours. The token has already generated $3 billion in trading volume and boasts a $2 billion market cap, with early buyers collectively seeing over $70 million in paper gains. Trump’s post promoting the memecoin reads, "My NEW Official Trump Meme is HERE! Celebrate everything we stand for: WINNING!" A disclaimer on the token’s website describes it as a symbol of shared ideals, not an investment vehicle. The launch comes just days before Trump’s inauguration, making it the first memecoin endorsed by a sitting president. However, skepticism persists, and major crypto outlets have yet to confirm the token's legitimacy. Meanwhile, other Trump-themed memecoins have suffered a sharp drop in value, down as much as 50% since the new token’s debut. Is this a groundbreaking move in the crypto space, or another volatile gamble in the world of memecoins? The debate is raging, and the truth behind $TRUMP remains to be seen.
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