Donald Trump has launched a brand new meme coin, in keeping with posts from his X and Truth Social accounts final night time. The posts, which have come simply days earlier than Trump’s inauguration, have been initially met with suspicion by many who his accounts had been hacked.
Skeptics highlighted by Decrypt final night time pointed to a number of pink flags, comparable to that the tens of millions of {dollars} seeding the challenge got here from Binance and Gate, which solely serve abroad prospects. The coin’s web site credit the challenge to the identical group behind Trump’s NFTs, as noted by Cointelegraph, which experiences that sources near Trump’s household confirmed the bulletins’ legitimacy.
Each posts stay up as of this morning.
The concept Trump would debut a meme coin is not any large shock, given his a number of NFT collections and his introduction of a crypto platform final 12 months. He has made cryptocurrency a giant a part of his new agenda and has assembled a crypto and AI-focused tech policy team led by “crypto czar” David Sacks. Trump additionally plans to subject an govt order naming crypto a “nationwide crucial or precedence” after he’s inaugurated subsequent week, Bloomberg reported forward of the weekend.
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