Donald Trump seems to have introduced a meme coin
Donald Trump has introduced a brand new meme coin, in step with posts from his X and Truth Social accounts ultimate night time. The posts, that have come simply days prior to Trump’s inauguration, have been first of all met with suspicion by means of many who his accounts have been hacked.
Skeptics highlighted by Decrypt ultimate night time pointed to a number of purple flags, comparable to that the hundreds of thousands of bucks seeding the venture got here from Binance and Gate, which most effective serve in a foreign country consumers. The coin’s web site credit the venture to the similar workforce in the back of Trump’s NFTs, as noted by Cointelegraph, which studies that assets with reference to Trump’s circle of relatives showed the bulletins’ legitimacy.
Each posts stay up as of this morning.
The concept Trump would debut a meme coin isn’t any large marvel, given his more than one NFT collections and his introduction of a crypto platform ultimate yr. He has made cryptocurrency a large a part of his new time table and has assembled a crypto and AI-focused tech policy team led by means of “crypto czar” David Sacks. Trump additionally plans to factor an government order naming crypto a “nationwide crucial or precedence” after he’s inaugurated subsequent week, Bloomberg reported forward of the weekend.