Trump Mocks $TRUMP Memecoin Billions as 'Just Peanuts'

Former President Donald Trump has made a new public statement about the remarkable success of his newly launched cryptocurrency $TRUMP. "For me, I don't know if it's benefiting, I don't know where it is, I haven't checked, but I've heard it's very successful," Trump calmly replied when asked whether the memecoin will continue to bring profit to him or not. Trump's statements have contributed to the $TRUMP token, which was launched on Friday and has skyrocketed in value. Two days after its launch, the token surged from below $10 to an all-time high of $74.59 and was priced at $43.08 as of Monday. With a market cap of $8.61 billion, the token has shaken up the cryptocurrency world. When asked about the profit of this currency, Trump shrugged and said, "A few billion? Just a small matter for these guys." The success of this currency is seen as a sign of increasing enthusiasm surrounding Trump's support for cryptocurrency. The $TRUMP token, launched on the Solana blockchain, is not the only cryptocurrency benefiting from the price increase. Solana itself set another record on Sunday at $294.33. The anticipation of potential actions by the Trump administration is also a major driver of this cryptocurrency's price surge. Trump's memecoin has attracted significant attention despite some strong reactions from ethicists, some of whom have said that the excitement may not be sustainable. In the short term, this could be a sell-the-news event, cryptocurrency analyst Matthew Dibb said. Although no specific plans have been made for what will happen next with the $TRUMP token, the excitement surrounding Trump's launch of this token and the profits it generates only adds to the hype surrounding this currency.