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$TRUMP Meme Coin Soars 300% After Launch, Rumors of $USA Coin? Claim Surfaces

US President-elect Donald Trump’s newly launched cryptocurrency, $TRUMP surged by 300% after its launch. Later a crypto trader named Cyclop had posted on X there is another coin, $USA which is scheduled to be released in a week.

Is $USA Coin Going To Launch After $TRUMP Success?

The post read,

“Apparently, apart from $TRUMP, another coin called $USA will be released in a week (check pic) I found TRUMP early and rode it to 40x.”

However, Donald Trump’s son Eric Trump shared the post on X and clarified that Trump’s team has nothing to do with the $USA coin

Eric Trump wrote,

 “$USA coin has nothing to do with us,”

The clarification came close on the heels of surging popularity of meme-based cryptocurrencies which is cashing on the popularity of the Trump brand. While the Trump team has acknowledged the launch of the $TRUMP coin, Eric’s comments have put to rest any speculation of the release of any more meme coins.

The $TRUMP meme coin comes before the inauguration of Donald Trump as the next US President on January 20, 2025. Trump announced the release of the $TRUMP coin through social media and dubbed it as a tribute to his leadership and his fans.

Trump wrote

 “My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING!”.

The launch of the $TRUMP meme coin puts Trump along with an ever increasing number of prominent public figures and personalities who have created their personalized meme coins to cash in on their popularity.

The value of $TRUMP surged to over $6 billion as of Saturday morning. It must be noted that the $TRUMP crypto coin does not possess any intrinsic value unlike other cryptocurrencies such as Bitcoin or Ethereum. The value of any meme coin depends more upon the brand value of the personality who has released it.

As per the official $TRUMP website, 200 million coins have been released in the initial phase and 800 million tokens will be issued during the course of the coming 4 years of Donald Trump’s tenure as the next President of the USA.

The cryptocurrency industry is in an upbeat mood with the inauguration of Donald Trump as the next US President. Donald Trump has been positive about cryptocurrencies and so is Elon Musk and the crypto industry which is facing a tough time under the present Biden administration hopes to see a better future.

Also Read: Ari Fletcher and Taina Williams Reconcile: Address 2022 Abuse Allegations and Past Drama on ‘Dinner With The Don’

Manoj Nair

Manoj Nair: With a decade of news writing across various media platforms, Manoj is a seasoned professional. His dual role as an English teacher underscores his command over communication. He adeptly covers Politics, Technology, Crypto, and more, reflecting a broad and insightful perspective that engages and informs diverse audiences.

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