TrumpCoin denies affiliation with Trump family

A new cryptocurrency by the name of TrumpCoin has emerged from the web, catching – perhaps intentionally – the attention of the Trump family. In response to the meme coin, Donald Trump’s son, Eric Trump, tweeted that the coin was not affiliated with the family and that the family would seek legal action against it.

TrumpCoin was apparently launched back in February 2016, as a way to pay tribute to former President Donald Trump. The currency styled itself as the ‘#1 Patriot Cryptocurrency,’ in an apparent mockery of the ‘MAGA’ slogan promoted by the president’s campaign at the time.

Presently, TrumpCoin is worth $1.5m and has around 6.6 million coins in circulation based on data provided by CoinMarketCap. The coin has no trading volume, although Trump’s Twitter blast sent it spiking over 350% on Monday.

TrumpCoin, though, quickly responded and cited the FAQ it had posted since its inception, in which the company detailed that it held no affiliation with the Trump family, including Donald J. Trump, The Trump Organization, the Donald J. Trump for President Inc, or any other organizations (or affiliates) owned by the Trumps.

Trump has mostly remained quiet following the response. Meme coins have been a force to reckon with. Tesla CEO Elon Musk almost single-handedly resuscitated Dogecoin in mid-2020 and contributed to much of the bull run we saw throughout 2021.  

Even though Dogecoin is believed to have no inherent value, the currency is now back in development. It managed to reach an all-time high at $0.70 before collapsing to today’s rates amid a bearish market run that has written off trillions worth of value.

If you want to use a meme coin to enjoy a pastime such as gaming, we recommend visiting 1xBit, Bitcasino, and FortuneJack.  

Source

Updated: 01/26/2022 — 16:00