US President Donald Trump’s new cryptocurrency has multiplied Trump’s fortune by rapidly appreciating in value after its launch. According to various sources, the value of Trump’s assets has reached approximately 58 billion dollars thanks to digital assets.
How did the Trump cryptocurrency explode?
The cryptocurrency “$TRUMP” was announced by Trump last week. The slogan of the cryptocurrency is “Join the Trump Community. History is Being Made”. This token, created by CIC Digital LLC, which sells Trump-branded products, first started trading at $10. However, by Sunday morning, its value had risen to $70.
According to the cryptocurrency’s official website, 80 percent of the tokens belong to the Trump Organization. The company plans to gradually release more tokens over the next three years and capitalize on the revenue from sales.
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The token is “non-political and unrelated to any political campaign, political office or government agency,” the website said. However, the token’s images include Trump’s assassination attempt this summer and the words “FIGHT FIGHT FIGHT”.
The token’s disclaimer also states that it is not an “investment opportunity, investment contract or security of any kind.” During the election campaign, Trump promised many times that he would be a pro-crypto president.
