Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

STRUMP Surges 15% As Donald Trump Jr. Announces New Crypto Platform To “Take On” Banks

Insidebitcoin2024/08/09 11:48
By:Insidebitcoin

The Super Trump (STRUMP) price surged over 15% in the last 24 hours to trade at $0.006652 as of 2:30 a.m. EST as Donald Trump Jr. reveals he is working on a new decentralized finance protocol that will “take on” the banking industry.

 “I think there has been a lot of inequality in that only certain people can get financing,” Trump Jr. said in an Aug. 8 QA session on the subscription-based platform Locals. He added that the notion of decentralized finance is “very appealing” to him.

Donald Trump Jr. Says New Project Will Not Be A Meme Coin

Trump Jr. also said that the new project he is working on is not another meme coin . Instead, he is working on a “larger type platform” that’s very different from a light-hearted crypto. With regards to timelines, he did not give any clear indication of when the platform would launch. He did, however, say that it would be a “long time before we can do anything.”

Despite the Republican nominee’s son confirming that he is not working on a new meme coin, several tokens linked to the former President surged in the last 24 hours. Pepe (TRUMP), FreeTrump ($TRUMP) and Dark MAGA (DMAGA) were among the best 24-hour performers in the political meme coin sector.

Restore The Public (RTR) Dives 95%

Not all Trump-themed tokens had a successful trading session yesterday. A newly-launched token on the Solana blockchain by the name of Restore the Republic (RTR), rumored to be the official token of the former President, saw its market cap balloon to $155 million.

The token’s value then plummeted 95% on Aug. 8 after Eric Trump warned that his father does not yet have an official token. A handful of early investors were, however, still able to walk away with substantial profits. 

On-chain data from Lookonchain revealed that 5 wallets belonging to early investors, or insiders, made $4 million in profits in just 6 hours with the token’s meteoric rise and subsequent plunge.

Related Articles:

  • Best Altcoins to Invest In: Unveiling Top Picks for Maximum Returns!
  • XRP ETF Speculation Ramps Up After SEC Lawsuit Is Settled
  • Brett Price Prediction: BRETT Soars 14%, But Investors Flock To This Base Meme Coin Rival For Its 926% APY
1

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Stake to earn
CEC, QTLX, GDV and other popular new coins are in hot progress!
Stake now!

You may also like

REEFUSDT is Now Available on Futures

Bitget launched REEFUSDT futures on September 20 , 2024 (UTC+8) with a maximum leverage of 50x. Welcome to try futures trading via our official website (www.bitget.com) or Bitget APP. REEFUSDT-M perpetual futures: Parameters Details Listing time September 20, 2024 18:30 (UTC+8) Underlying asset REE

Bitget Announcement2024/09/20 10:35

MetaCene (MAK): Unlocking Real Value in Virtual Worlds

What is MetaCene (MAK)? MetaCene (MAK) is a play-to-earn game that offers an innovative economic ecosystem where players can earn cryptocurrency and NFTs through various in-game activities. MetaCene provides players with a rich, immersive gaming experience set in a futuristic world where players ca

Bitget Academy2024/09/20 09:46