Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Donald Trump confirms memecoin launch, says billions in profits is ‘peanuts’ for his team

Share This Post

Donald Trump’s memecoin, TRUMP, momentarily fell about 30% after the former president commented that he was not closely tracking it.

The price dipped to $32 on some exchanges before rebounding to around $43. The token, launched shortly before Trump’s second inauguration, previously reached $76 and a $12 billion market cap but has been volatile.

During a media appearance, Trump acknowledged the project but asked for its valuation and then called the reported billions “peanuts” for his team behind him.

The Kobeissi Letter noted that an unnamed investor purchased $5 million worth of TRUMP at the crash’s low point and gained an estimated $2.4 million within minutes. The token is now near $41 with a market cap of $8.2 billion, while its fully diluted value stands around $41 billion.

Trump said,

“I don’t know where it is, I don’t know much about it other than I launched it. I heard it was very successful.”

 

The post Donald Trump confirms memecoin launch, says billions in profits is ‘peanuts’ for his team appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

$10 Million Fix? SUI Network Moves Fast After Cetus Exploit Scare

Sui Network has rolled out a $10 million fund to boost security across its system The move comes after the Cetus Protocol hack that cost users $223 million Related Reading: XRP ETF At 83% Approval

Bitmain Unveils ‘Most Efficient’ Mining Rig Amid Market Shift

Bitmain has launched the Antminer S23 Hydro series, featuring a performance of 580 terahash per second (TH/s) and a power consumption of 5,510 watts, making it the “most efficient” mining rig

BlackRock reportedly plans to acquire a 10% stake in Circle’s upcoming IPO

BlackRock plans to acquire approximately 10% of the shares offered in Circle’s initial public offering (IPO), Bloomberg News reported on May 28 People familiar with the matter said Circle and its

Report: Blackrock Eyes 10% Stake in Circle’s IPO

Blackrock Inc intends to acquire roughly 10% of the shares offered in Circle Internet Group Inc’s upcoming initial public offering (IPO) Bloomberg first reported the news, citing people familiar

US Labor Department dials back crypto warning for retirement plans

The US Department of Labor (DOL) formally rescinded a 2022 compliance release that discouraged fiduciaries from offering crypto investment options in 401(k) retirement plans, according to a May 28

Top Crypto Predictions for June 2025: TON, SPX, PI, KAS, XDC

The post Top Crypto Predictions for June 2025: TON, SPX, PI, KAS, XDC appeared first on Coinpedia Fintech News The markets continue to remain consolidated within a narrow range as the prices of the
You have not selected any currencies to display