On January 18, Trump posted a message on social platforms, announcing the launch of his personal Meme coin (meme coin) Trump Coin ($TRUMP). After the meme coin went online, the price was greatly speculated, and the market value quickly soared to billions of dollars. This not only caused violent fluctuations in the cryptocurrency market, but also pushed Trump to the forefront of American public opinion.

It is understood that Meme coin is literally translated as “meme coin”. Typically, these so-called “meme coins” are essentially worthless, created as a joke inspired by Internet memes or cartoon animal avatars, and are often viewed as a speculative trading tool.

According to a report by the Global Times citing the New York Times on the 18th, as he prepared to take office as president on the 20th, Trump released a personal meme coin called Trump Coin, saying that its image was inspired by the assassination that occurred in Pennsylvania in July last year. event, users need to visit the website with the domain name “gettrumpmemes” to obtain the meme tokens. Relevant information shows that 80% of the supply of meme coins is held by entities related to Trump’s companies.