The newest memeoins launched by Trump and Melania debuted as digital collectibles but gained acceptance as regular payment methods. Trump’s product sites at GetTrumpFragrances.com and GetTrumpSneakers.com let customers buy with TRUMP tokens plus Bitcoin and debit/credit payments.
Through Solana Pay TRUMP tokens let customers shop using the TRUMP token alongside SOL, USDC, WIF and BONK across the Solana blockchain. GetTrumpWatches.com uses Bitcoin and fiat payments but does not accept e-commerce other than those methods.
These commercial ventures work alongside CIC Ventures under permission from CIC Digital which founded the memecoins on January 17. The hotel reservation system Travala now allows users to make payments using TRUMP tokens which brings the total number of supported currencies for bookings to 60.
TRUMP Token’s Rise and Fall: From Record Growth to Market Challenges
TRUMP token is officially available for transactions on Travala the platform announced on X. The TRUMP token enables users worldwide to book hotels and flights while reserving activities and make payments through TRUMP. TRUMP token emerged alongside the Crypto Ball event in Washington right before Trump took office as President.
The TRUMP token saw incredible growth that made it temporarily bigger than Dogecoin but fell short of reaching its $75 billion fully diluted value. TRUMP’s worth decreased by 50% when Melania Trump announced her own memecoin MELANIA. MELANIA stood tall at $13 billion but tripped in value while offering its creators more ownership options than TRUMP.
TRUMP remains worth $27.41 while MELANIA currently trades for $2.25 per token. Tim Ogilvie from Kraken mentioned that his exchange experienced its busiest trading period ever leading into Inauguration Day.
The market interest around Trump does not appear to affect his official response toward this phenomenon. All he said was that he started the project without knowing much about memecoins during his press conference. My information indicated the product succeeded well. I haven’t checked.”
The introduction of Trump’s official memecoin brings controversy that affects the entire crypto sector. Bernstein analysts view this as a fundamental transformation that brings governments closer to their people through crypto technology. A small number of crypto professionals see this process as decreasing risk of token oversight while opponents strongly disagree.
Trump’s Strong Support for Bitcoin and Decentralized Finance
Bloomberg ETF analyst Eric Balchunas doubts this move because he sees it as a dishonest strategy to generate interest for the new regulatory period. This holds the appearance of a mismanaged chance according to my evaluation. People wonder about insider selling because 80% of TRUMP tokens are stored in wallets tied to CIC Digital. Our information states that the group keeps their tokens locked in a vesting plan that spans up to three years.
Chainalysis data shows that half of the people who purchased TRUMP and MELANIA tokens never invested in Solana-based digital altcoins before. New retail investors quickly bought the tokens then created their digital wallets to store them at 46.5%. According to Moonshot launchpad the app helped onboard thousands of investors who made it the top finance app on Apple App Store in the United States.
The US President shows strong support for crypto assets as an active supporter. His campaign supported Bitcoin investment as national reserve while backing the World Liberty Financial decentralized financial project. According to a recent Trump Media & Technology Group board vote Truth.Fi will receive up to $250 million in Bitcoin for financial products and services investing. The company Truth Social and Trump Media belong to him in equal amounts.
After Elon Musk formed a partnership with Visa for X Money Truth.Fi debuted its service despite existing confusion about its crypto strategies. After bonding with Trump during his election campaign Musk leads the newly formed DOGE Department of Government Efficiency as its leader without any crypto connections.
Companies working in the financial sector take action quickly in response to what Trump memecoin brings. Tuttle Capital Management applied for 10 leveraged crypto exchange-traded funds through their filings. These filings span three tokens: TRUMP, MELANIA, and the newly created ETF based on assets.
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