Donald Trump’s crypto coin: billions for fun currency

Donald Trump was once an opponent of cryptocurrencies. But in the last election campaign there was a turnaround: Trump suddenly campaigned for virtual money and founded a crypto and investment platform called World Liberty Financial. But that’s not all: Trump recently brought a so-called meme coin onto the market.

The “Trump Coin” is therefore explicitly intended as a fun currency, so it actually has no economic use. Nevertheless, the connection to the US President catapulted the coin into the upper quarter of the top 100 cryptocurrencies by market value. “TRUMP” now took 27th place on the comparison platform “”.

The platform’s data reveals even more: the cost of a coin has now risen to around 34 US dollars. The market capitalization, i.e. the value of all units in circulation, was already around six billion US dollars. For (unfair) comparison: That’s two billion US dollars more than all shares in the car manufacturer Mazda are worth – even though the coin lacks any equivalent value.

With Dogecoin, Shiba Inu and Pepecoin, proof has already been provided several times that even a fun currency can last over a longer period of time. It is in the nature of things that the price of even the more stable projects can fluctuate greatly, but some of them have not disappeared into obscurity even after years.

However, the opposite can also happen. This was most recently the case with the fun currency of Haliey Welch, the so-called “Hawk Tuah Girl”. As “” reported at the time, the total value of the coins initially rose to a dizzying $490 million after the launch, before plummeting to around $20 million, depriving numerous investors of their money.

Apparently a so-called “rug pull” had occurred. This describes a scenario in which coin developers (or insiders) wait for an asset to have a certain value before completely selling off their previously accumulated holdings – literally ripping the rug out from under the remaining investors. Welch denied until the end that he had planned the price slide – but then withdrew from the public.

Although it is unlikely that the US President is planning such a “rug pull” with his currency, it is still advisable to wait and see how the exchange rate develops in general. The creators themselves write: “Trump memes are intended to serve as an expression of support and commitment to the ideals and beliefs, […] and are not intended to constitute an investment opportunity, investment contract or security of any kind.”