tl;dr
Several online retailers and Travala have started accepting Trump's meme coin, expanding its use beyond speculation. The token, called Official Trump (TRUMP), saw a surge in price to over $70 but has since dropped 64% to around $26. Critics like Balaji Srinivasan and Mark Cuban have questioned its l...
Several online retailers and Travala have started accepting Trump's meme coin, expanding its use beyond speculation. The token, called Official Trump (TRUMP), surged in price to over $70 but has since dropped 64% to around $26. Critics like Balaji Srinivasan and Mark Cuban have questioned its legitimacy. Despite the decline, it is being supported by online retailers and Travala. The industry is divided on its future, with some believing it could enter a new bull run while others criticize its existence.
Donald Trump made huge waves in the crypto world by launching his own meme coin. The token, Official Trump (TRUMP), was launched on January 18. According to a recent Bloomberg report, several online retailers selling Trump-themed merchandise have accepted TRUMP as a payment method, including GetTrumpWatches.com, GetTrumpFragrances.com, and GetTrumpSneakers.com. Additionally, Travala, a blockchain-based travel booking platform, has also embraced TRUMP.
The meme coin experienced a surge in price, exceeding $70 and briefly becoming the second-largest meme coin. However, it has since declined to around $26, representing a 64% drop. Despite debates about its legitimacy, supporters believe it could enter a new bull run, while critics, including Balaji Srinivasan and Mark Cuban, have denounced its impact on the cryptocurrency sector.