Donald Trump has changed his mind about cryptocurrencies. In addition to official support, the US President is actively creating NFT collections. But, as it turned out, this is only the beginning. Donald Trump decided to create his own cryptocurrency.
What is known about Trump's cryptocurrency
Three days before his official inauguration, Donald Trump launched his own cryptocurrency TRUMP. It was created and launched on the basis of Solana. At first, interest in the coin was weak. This is due to several factors.
Recently, news about the creation of cryptocurrency by various famous people has often appeared. These fakes are launched by scammers to deceive network users. Accordingly, after the information about the creation of TRUMP appeared, many treated the news with a degree of skepticism.
Further developments showed that the news is not fake. TRUMP was created directly by the President. The information was posted from Trump's account on the "X" network. It did not disappear within a few hours.
Separately, it is worth noting that the official website of the project is made in the same style as all Trump NFTs. In addition, the project was developed by the same company as all his previous projects - CIC Digital.
The project itself is designed for long-term existence. It is planned to freeze 80% of assets for up to three years. The unfreezing will be done smoothly, without sudden coin injections.
As soon as cryptocurrency activists saw that the project was real, the excitement began. The coin price rose to $ 7.31. The circulating supply was 200 million coins. A few hours after the launch, the capitalization exceeded $ 4.3 billion.
Apparently, Trump's slogan "It's time to celebrate everything we stand for: VICTORY!" will become a household word and go down in history.
Thus, Trump confirms his commitment to cryptocurrencies. In the first hours after the inauguration, the president plans to sign a number of important laws for the cryptocurrency world. Accordingly, we are expecting a new surge of interest in cryptocurrencies. Including an increase in the price of not only leading coins, but also lower-ranking altcoins.
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