Trump Meme Coin Surges 60%: Check Latest Price; Why Is It Rising, How To Buy? – News18
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The surge in $TRUMP’s price to $16.17 comes after a post went viral promising the top 220 buyers a private gala dinner with the US President on May 22.
In the past 24 hours, the Trump meme coin hit its high of $16.17 before falling to trade at $11.96 as of 10:15 am on Thursday, April 24.
Donald Trump’s official meme coin $TRUMP on Wednesday surged over 60 per cent to $16.17. The move comes after a post went viral announcing “the most EXCLUSIVE INVITATION in the world” that promised the top 220 buyers of the Trump meme coin a private gala dinner with the US President on May 22.
According to the post, the top 25 holders would also receive “an ultra-exclusive private VIP reception with the President” and a “special tour”, apart from the dinner at the Trump National Golf Club in Washington D.C.
In the past 24 hours, the Trump meme coin hit its high of $16.17 before falling to trade at $11.96 as of 10:15 am on Thursday, April 24.
The post on a website promoting the $TRUMP coin is the latest in a flurry of cryptocurrency-related forays undertaken by Trump and his family that have garnered them hundreds of millions of dollars in fees alone.
The $TRUMP coin, which was launched before the US president’s January 20 inauguration, had touched as high as $74.59 before falling to a low of $7.14 on April 7. Soon after the launch on January 17, the price of “official” Trump memecoin #TRUMP surged and placed the memecoin in the top-20 cryptos by market capitalisation with the total valuation of $14 billion.
Crypto analytics firm Chainalysis found that as of March 12, the coin had generated at least $350 million in fees for entities connected to the president.
What Is Trump Meme Coin?
It is fungible cryptocurrency assets, similar to other digital currencies, enabling transactions and speculative trading. The Trump meme coin was launched on the Solana blockchain network.
How To Buy Trump Coin?
The meme coin can be bought from crypto exchanges. #TRUMP coin is available on exchanges like Binance.
Here are the steps to buy #TRUMP:
Step 1: Visit Binance.
Step 2: Search ‘Trump/USDT’
Step 3: Buy it using USDT.
It is important to buy USDT before buying #TRUMP on the Binance exchange. USDT is a cryptocurrency linked to the value of the US dollar.
Bitcoin Price Today
Bitcoin, the world’s largest cryptocurrency, has been witnessing an upsurge in the past few days. It is currently trading around $93,230 after briefly crossing the $94,000 mark. In the past four days, Bitcoin has jumped over 10 per cent. On Thursday, it was up by nearly 2.9 per cent at $93,925 as of 10:10 am.
“This puts BTC above its 50, 100, and 200 day moving averages,” CoinSwitch Markets Desk said in a note.
The price surge aligned with geopolitical developments, particularly US President Donald Trump’s announcement of a partial easing in the US-China trade standoff. Adding to the bullish sentiment, Cantor Fitzgerald’s new chairman, Brandon Lutnick, announced the formation of ‘Cantor Equity Partners’ in collaboration with SoftBank, Tether, and Bitfinex. The group aims to launch 21 Capital with an initial $3 billion investment in Bitcoin, signaling deepening institutional confidence, it added.