Trump’s newly speculated token, DJT, has surged by 44.59% in the last 24 hours. With his interest in the crypto market, he may become known as the crypto president.
The crypto market has embraced the new meme coin, DJT, inspired by former U.S. President Donald Trump. This token, based on the Solana blockchain, has seen a significant increase in value amidst rumors that it could be Trump’s official token. Despite this speculation, no official confirmation has been provided by Trump. If this rumor turns out to be true, it would mark a historic moment as the first time a U.S. presidential candidate has launched their own cryptocurrency.
The latest claim was made by The Pirate Wires account, an American media company on Twitter, 9 hours ago. It was labeled as a “community note,” dismissing it as “fake news.” The statement regarding Trump’s 18-year-old son Barron leading the token project is no longer included in the tweet.
DJT coin has been circulating in the crypto market for two months and has shown significant growth, with its price currently at $0.002868, up by 44.59% in the past 24 hours. Trading volume has surged by 1521.47% to $369K. Speculation and social media hype have been driving the coin’s performance.
There are several other tokens inspired by Donald Trump’s name in the market. MAGA Coin, built on the Ethereum blockchain, is currently trading at $7.08, experiencing a decline of 39.01%. TRUMP coin, one of the earliest Trump-related cryptocurrencies, has seen a price drop of 9.41% to $0.0006536. Trump Inu, inspired by Shiba Inu and Dogecoin, is trading at $0.000006237, down by 12.55%. While these tokens share the common element of Trump’s name for market appeal, they have different origins.
In a recent fundraiser in tech-friendly San Francisco, Donald Trump declared himself as the “crypto president.” The role of cryptocurrency in the upcoming U.S. presidential election is gaining significant attention and scrutiny. Additionally, Biden is said to be considering participating in a Bitcoin roundtable, scheduled to take place next month.
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