Recently, the Trump coin, which falls under the category of the many existing meme coins, seems to have gained the attention of the Trump’s – and the coin’s name seems not to go down well with them. Eric Trump, the son of Onetime US President Donald J. Trump, made a tweet claiming that his family, the Trump’s, have no association with the Trump coin. He also added that the lawsuit would be taken up concerning the matter as he considers it unauthorized.
On the website, the Trumpcoin’s Frequently Asked Questions slot states that the coin launched on Feb 20, 2016, in honor of Former US President Donald Trump. On its Social media account, Twitter mainly, there was a description of itself as the “#1 Patriot Cryptocurrency”.
At the moment, the coin possesses almost no volume on trades, although it had a spike ranging over about 350% today, this is likely due to what Eric Trump tweeted. The commercial capitalization presently on the Trumpcoin is about 1.5 million dollars, having a circulating quota of a bit above 6.6 million coins.
In response to the tweet made by Eric Trump, Trumpcoin reposted a screenshot photo of its FAQ stating that the coin is not in any way owned, handled, or approved by Donald Trump and made note that there was no form of affiliation whatsoever with the Former President, The Trump Organization, Donald J. Trump for President Inc, or any other organization founded or handled by Donald J. Trump or any of his affiliates.
At the beginning of this month, the association NASCAR declined the request to sponsor the meme coin “LGBcoin.” The LGB is a shortened form for “Let’s Go, Brandon,” the phrase on its own became a meme on the internet and is used as a substitute for the words “F*ck Joe Biden.”
Tokens And Meme Coins, What Are They?
Coins that do not have any essential worth and sometimes little to no usage are called meme coins. These cryptocurrencies, as the name shows, are principally -but not particularly-having their concepts around memes on the internet. For instance, Dogecoin is among the first set of meme coins and for years was stated not to possess essential value. After prominent billionaire Elon Musk took up the task to become its number one fan, the Dogecoin rates were among the first ten cryptocurrencies with a commercial capitalization of about 18.2 billion dollars.
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