- Donald Trump says he doesn’t know much about the TRUMP memecoin.
- The TRUMP token broke records, reaching $13 billion within less than 24 hours after the launch.
Donald Trump commented for the first time on the memecoin launched by his name. When a reporter asked for his comments on the TRUMP memecoin making billions, Trump shrugged off and said he doesn’t know much about the token other than its launch.
On the other hand, TRUMP memecoin surpassed the market cap of multiple well-established memecoins and climbed up to the top 4th position in the memecoin space. While the TRUMP memecoin is making waves in the industry, Donald Trump seems to be unaware of the repercussions of his memecoin launch.
During a press conference of Donald Trump along with executives from SoftBank, Open AI, and Oracle, a reporter asked for Trump’s comments on his memecoin. The reporter questioned whether Trump intends to continue launching products that benefit himself, referring to TRUMP memecoin. Surprisingly, Trump replied he doesn’t know if the TRUMP memecoin benefited.
Donald Trump Remains Ignorant of TRUMP Memecoin Impact on the Crypto Industry
During a recent press conference, Donald Trump admitted he doesn’t know much about the TRUMP memecoin other than launching it. He heard the memecoin was very successful and didn’t check it. With Trump taking responsibilities as the 47th President of the US on Monday, his focus seems to be on other pressing issues in the United States rather than on a memecoin launched by his name.
The reporter at the press conference said Trump made a lot of money out of the TRUMP memecoin. When Trump got to know that he made several billion dollars through the memecoin, he just shrugged it off as if it was nothing. And, he replied, “several billion? That’s peanuts for these guys,” referring to the executives present at the same press conference.
Donald Trump attended a press conference earlier today, along with SoftBank’s Masayoshi Son, OpenAI’s Sam Altman, and Oracle’s Larry Ellison. He even announced a $500 billion investment into AI infrastructure project Stargate.
On another note, most of the industry officials criticized Trump for launching a memecoin. The Wall Street Journal even made an article, “Crypto thought Trump would bring it legitimacy. Then he launched memecoin.” No matter the criticism, the TRUMP memecoin made it to the top memecoin list within a matter of days, despite extreme price fluctuation.
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