Close Menu
Breaking News in Technology & Business – Tech Geekwire

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    IEEE Spectrum: Flagship Publication of the IEEE

    July 4, 2025

    GOP Opposition Mounts Against AI Provision in Reconciliation Bill

    July 4, 2025

    Navigation Help

    July 4, 2025
    Facebook X (Twitter) Instagram
    Breaking News in Technology & Business – Tech GeekwireBreaking News in Technology & Business – Tech Geekwire
    • New
      • Amazon
      • Digital Health Technology
      • Microsoft
      • Startup
    • AI
    • Corporation
    • Crypto
    • Event
    Facebook X (Twitter) Instagram
    Breaking News in Technology & Business – Tech Geekwire
    Home » Trump’s $TRUMP Cryptocurrency: A Bold Brand Extension With Risks
    Crypto

    Trump’s $TRUMP Cryptocurrency: A Bold Brand Extension With Risks

    techgeekwireBy techgeekwireFebruary 27, 2025No Comments3 Mins Read
    Facebook Twitter Pinterest Telegram LinkedIn Tumblr WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Telegram Email

    Donald Trump, never one to miss a branding opportunity, has launched his latest venture: a cryptocurrency token called $TRUMP. This move, coming after a history of selling everything from steaks to sneakers, demonstrates his continued efforts to monetize his personal brand.

    Following its Friday evening launch, the price of $TRUMP surged, rocketing from $6 to over $70 within a day. The rapid rise in value was fueled by the fact that Trump-linked entities reportedly control a large portion of the token supply. At one point, the token’s value momentarily accounted for a significant portion of his net worth. Subsequently, Melania Trump announced her own coin, $MELANIA.

    However, both $TRUMP and $MELANIA are memecoins, lacking inherent business fundamentals or practical use cases. These tokens are often created rapidly and experience volatile price swings, frequently followed by substantial losses for late investors. This pattern is common, with many similar coins experiencing dramatic value declines shortly after launch. Although Trump’s influence might offer $TRUMP some staying power, the token remains highly volatile.

    In many ways, the $TRUMP token seems like a logical step for the former president. Trump has actively cultivated an image as a supporter of the crypto industry, even discussing the potential of a “strategic national bitcoin stockpile.” Trump’s announcement of the coin on Truth Social coincided with a “Crypto Ball,” a high-profile event highlighting the industry’s integration into wider society. This move suggests a friendly stance towards the sector, especially after a period of regulatory scrutiny.

    The legality of memecoins, and the specific ramifications for $TRUMP, remains under debate, particularly in the context of existing securities laws. It’s also uncertain what Trump’s new, potentially vast, wealth in the form of the token will translate to in the real world, considering much of the supply has not been released yet, and attempting to cash out could tank the value. Despite this, Trump’s actions point towards a more lenient approach to the crypto industry.

    It is important to remember that Trump called bitcoin a “scam” just a few years ago, when crypto didn’t suit his interests. Now that his interests are so highly tied to the crypto market, he is far less likely to make similar criticisms.

    Furthermore, the lightly regulated nature of memecoins presents risks, as anyone can acquire them, potentially including those with malicious intent. Concerns have arisen that foreign interests could gain control of Trump’s cryptocurrency, potentially undermining his promises of an “America-first” economic policy. There is also the possibility that Trump’s memecoin could encourage other political and cultural leaders to release similar coins. This could lead to unforeseen consequences with respect to national economic interests.

    While many in the crypto world await Trump’s return to office, concerns are rising among some of the industry’s most ardent supporters. They are worried that memecoins might negatively impact the industry’s image. Investors such as Balaji Srinivasan have warned that memecoins are “zero-sum” ventures. Nic Carter, a prominent crypto investor and Trump supporter, notes that the launch of $TRUMP could have exposed the worst parts of the crypto industry to wider public scrutiny.

    Ultimately, the $TRUMP token represents a continuation of Trump’s brand-focused strategy. However, its nature as a memecoin suggests a high level of speculative risk. A Trump steak, at least, is a tangible product. $TRUMP holders may receive no such thing.

    crypto cryptocurrency Donald Trump Memecoin Trump
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    techgeekwire
    • Website

    Related Posts

    IEEE Spectrum: Flagship Publication of the IEEE

    July 4, 2025

    GOP Opposition Mounts Against AI Provision in Reconciliation Bill

    July 4, 2025

    Navigation Help

    July 4, 2025

    Andreessen Horowitz Backs Controversial Startup Cluely Despite ‘Rage-Bait’ Marketing

    July 4, 2025

    Invesco QQQ ETF Hits All-Time High as Tech Stocks Continue to Soar

    July 4, 2025

    ContractPodAi Partners with Microsoft to Advance Legal AI Automation

    July 4, 2025
    Leave A Reply Cancel Reply

    Top Reviews
    Editors Picks

    IEEE Spectrum: Flagship Publication of the IEEE

    July 4, 2025

    GOP Opposition Mounts Against AI Provision in Reconciliation Bill

    July 4, 2025

    Navigation Help

    July 4, 2025

    Andreessen Horowitz Backs Controversial Startup Cluely Despite ‘Rage-Bait’ Marketing

    July 4, 2025
    Advertisement
    Demo
    About Us
    About Us

    A rich source of news about the latest technologies in the world. Compiled in the most detailed and accurate manner in the fastest way globally. Please follow us to receive the earliest notification

    We're accepting new partnerships right now.

    Email Us: info@example.com
    Contact: +1-320-0123-451

    Our Picks

    IEEE Spectrum: Flagship Publication of the IEEE

    July 4, 2025

    GOP Opposition Mounts Against AI Provision in Reconciliation Bill

    July 4, 2025

    Navigation Help

    July 4, 2025
    Categories
    • AI (2,696)
    • Amazon (1,056)
    • Corporation (990)
    • Crypto (1,130)
    • Digital Health Technology (1,079)
    • Event (523)
    • Microsoft (1,230)
    • New (9,568)
    • Startup (1,164)
    © 2025 TechGeekWire. Designed by TechGeekWire.
    • Home

    Type above and press Enter to search. Press Esc to cancel.