Several news outlets are reporting on the possibility of a cryptocurrency tied to former US President Donald Trump. This potential coin, apparently trading under the ticker TRUMP, was first mentioned by the independent media company Pirate Wires on Monday night.
The news sparked speculation and skepticism, as no official source was provided. The market reaction to this news has been notable, with TRUMP experiencing a significant drop in value following the initial post by Pirate Wires.
The token was trading at $10.72 when the gossip surfaced, but within five hours, it had plummeted to lows of $5.78, marking a 46% decrease. Speculation about the existence of an official Trump-linked coin intensified with the release of data from SolScan, which suggests a token trading at $0.0237 with a market cap of $237 million.
Despite this information, confirmation from reliable sources has been lacking, adding further mystery to the situation. Moreover, the text speculates on the financial situation of the Trumps, mentioning Donald Trump’s reduced bond and the impact of lock-up provisions on Truth Social’s share prices.
Additionally, the mention of the Trumps’ prior connections with Solana piques further curiosity about the potential for an official Trump coin. In conclusion, the text suggests that time will reveal whether the rumored official Trump coin is indeed real or mere speculation.
