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    Home»Markets»Donald Trump confirms memecoin launch, says billions in earnings is ‘peanuts’ for his staff
    Donald Trump confirms memecoin launch, says billions in earnings is ‘peanuts’ for his staff
    Markets

    Donald Trump confirms memecoin launch, says billions in earnings is ‘peanuts’ for his staff

    By Crypto EditorJanuary 22, 2025No Comments2 Mins Read
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    Donald Trump’s memecoin, TRUMP, momentarily fell about 30% after the previous president commented that he was not carefully monitoring it.

    The worth dipped to $32 on some exchanges earlier than rebounding to round $43. The token, launched shortly earlier than Trump’s second inauguration, beforehand reached $76 and a $12 billion market cap however has been risky.

    Throughout a media look, Trump acknowledged the undertaking however requested for its valuation after which known as the reported billions “peanuts” for his staff behind him.

    The Kobeissi Letter famous that an unnamed investor bought $5 million value of TRUMP on the crash’s low level and gained an estimated $2.4 million inside minutes. The token is now close to $41 with a market cap of $8.2 billion, whereas its totally diluted worth stands round $41 billion.

    Trump mentioned,

    “I don’t know the place it’s, I don’t know a lot about it aside from I launched it. I heard it was very profitable.”

    Shut the fuck up along with your clickbait information!

    Right here’s the complete clip 🤡🤡 pic.twitter.com/GW3X46xWXD

    — notEezzy (delulu) 🧸 (@notEezzy) January 21, 2025

     

    Analyst

    Donald Trump confirms memecoin launch, says billions in earnings is ‘peanuts’ for his staffDonald Trump confirms memecoin launch, says billions in earnings is ‘peanuts’ for his staff

    Liam ‘Akiba’ Wright

    Editor-in-Chief at CryptoSlate

    Also called “Akiba,” Liam Wright is a reporter, podcast producer, and Editor-in-Chief at CryptoSlate. He believes that decentralized expertise has the potential to make widespread optimistic change.

    Disclaimer: Our writers’ opinions are solely their very own and don’t replicate the opinion of CryptoSlate. Not one of the info you learn on CryptoSlate ought to be taken as funding recommendation, nor does CryptoSlate endorse any undertaking that could be talked about or linked to on this article. Shopping for and buying and selling cryptocurrencies ought to be thought of a high-risk exercise. Please do your personal due diligence earlier than taking any motion associated to content material inside this text. Lastly, CryptoSlate takes no accountability must you lose cash buying and selling cryptocurrencies.





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