TRUMP ($42.72), a meme coin launched by US President Donald Trump, has rapidly entered the market. This meme coin, with a market value of $13 billion, has created a huge buzz in just under a week. However, Trump made headlines with a surprising statement that revealed his limited knowledge of developments surrounding the coin.
Trump: “I hear he’s been very successful”
President Trump said in a statement to reporters regarding the TRUMP coin: All I know is that I started it. ” In response to reports that the coin had generated billions of dollars, he humorously replied: That’s a small number for some of the names here. ”
In his comments, President Trump singled out notable people in the audience, including OpenAI CEO Sam Altman, Oracle Chairman Larry Ellison, and SoftBank CEO Masayoshi Son.
The Trump family’s virtual currency venture
The TRUMP coin initially saw a rapid rise in market value and is currently trading at around $8 billion. This success was somewhat overshadowed by another development. First lady Melania Trump announced her own meme coin, causing market fluctuations. We speculate that the supply of these two meme coins is primarily concentrated among close associates.
