- Trump’s new speculated token, DJT is up by 44.59% in the past 24 hours.
- He has shown interest in the crypto market and would be the crypto president.
The crypto market has endorsed the new meme coin, DJT, in the name of former U.S. President Donald Trump. The token on the Solana blockchain has skyrocketed in value amid rumors that it might be Trump’s official token. However, there has been no official announcement from Trump. If the rumor is true, it would be history as the first time a U.S. presidential candidate has launched their cryptocurrency.
This latest claim was by The Pirate Wires account, an American media company on Twitter, 9 hours ago. It was labeled as a “community note,” declaring it “fake news.” This statement is not in the tweet, now. Furthermore, it mentions that Trump’s 18-year-old son Barron will be “spearheading” the token project.
Per conversations, Trump is launching an official token — $DJT on Solana. Barron spearheading.
— Pirate Wires (@PirateWires) June 17, 2024
DJT coin has been in the crypto market for two months and is performing considerably, as its price is currently up by 44.59% in the past 24 hours to $0.002868. The trading volume soared by 1521.47% to $369K. The coin has been driven by speculation and social media buzz.
Other Trump-Themed Coins
There are several other tokens themed around Donald Trump’s name. MAGA Coin is one of them, built on the Ethereum blockchain. Currently trading at $7.08, it has declined by 39.01%. Followed by TRUMP coin, one of the first Trump-related cryptocurrencies. The price dropped by 9.41% to $0.0006536. Interestingly, Trump Inu is an inspired coin by Shiba Inu and Dogecoin, trading at $0.000006237, down by 12.55%. These tokens have a common element of Trump’s name for market appeal but different origins.
Besides, Donald Trump declared that he would be the “crypto president” at a fundraiser in tech-friendly San Francisco a week ago. The role of cryptocurrency in the upcoming U.S. presidential election is seeking essential attention and scrutiny. Moreover, Biden is reportedly planning to be a part of the Bitcoin roundtable, yet to happen next month.
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