Key dishes to remember
- Donald Trump publicly approved the $ Trump token on Truth Social, leading to initial overvoltages of prices and commercial volumes.
- The token $ Trump experienced high volatility with its price considerably drops the launch of the $ Melania token.
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President Donald Trump expressed strong Trump’s official token ($ Trump) token. In a Sunday article on Truth Social, he described the token as “so cool” and praised him as “the greatest of all”.
Trump’s approval launched a 10% increase in $ Trump token price. Coindecko data indicates that it went from around $ 10.9 to $ 12.
The digital asset, launched before the inauguration of Trump, operates on the Solana blockchain with a total offer of 1 billion tokens. Initial public communication included 200 million tokens, while CIC Digital LLC, an affiliate of the Trump organization, and Fight Fight Fight LLC holds the remaining 800 million tokens.
The price of the token has increased from $ 10 to $ 75 in its first days of negotiation, reaching a market capitalization of more than $ 15 billion. The negotiation volume reached $ 29 billion in the first days after the launch.
The reserved tokens are subject to a progressive release calendar extending over three years, starting with locking periods from 3 to 12 months, followed by daily unlocking over 24 months.
The token experienced significant volatility, from almost 50% to the range of $ 30 to $ 40 after the launch of the $ Melania token on January 19.
The project occurs as an “expression of support” for Trump rather than a traditional investment. His logo presents a cartoon image of Trump increasing his fist, referring to an assassination attempt in July 2024.
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