President-elect Donald Trump in a message posted on his Social platform Truth and X, he unveiled the so-called "meme coin," which is designed to capitalize on the popularity of a certain personality, movement or viral internet trend.
On the face of it, "meme coins" have no economic or transactional value, and are often seen as a means of speculative trading.
"This Trump Meme celebrates a leader who doesn't back down, no matter the odds," says the coin's official site, which makes reference to the assassination attempt against the Republican leader in July 2024. Read more
In the hours following the overnight launch, the crypto community posed questions about the legitimacy of the $TRUMP coin, and its actual link to the president-elect, with some fearing a scam.
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