While the TRUMP memecoin has stolen the headline since its launch late Friday, Donald Trump’s NFT collection also registered a 400% spike over the course of the day on Saturday.
Cryptocurrency stakeholders were expecting regulatory clarity and more friendliness towards the industry. No one saw him launch MemoCoin days before his inauguration.
According to reports, the incoming US president has not informed those in his circle of his plans to launch a memecoin. The token was launched hours before the inaugural crypto event hosted by Trump’s White House czar, David Sachs.
Analysts are quieting talk of a reward for NFT holders
increase Speculation Holders of Trump’s NFT cards receiving memecoin allocations caused the group’s minimum price to rise more than 400% today. The minimum price has risen to $1,000, making trading cards one of the best-performing NFT projects in recent times.
NFTs were sold in multiple versions, with an average price of $99 per card. With today’s rally, some token holders’ purchase price for NFTs increased by as much as 13 times.
Investors active in the space quickly highlighted that the same company that helped launch NFT collections, CIC Digital, is also involved in the TRUMP memecoin.
However, it appears that NFT holders will not receive any automatic allocations or airdrops as described in gettrumpmemes.com Website.
Another term appears to be “meme cards” that have prompted their holders to speculate about possible appropriation The project uses it to describe its tokens, not pre-existing NFT cards.
Update: It looks like they are calling $Trump itself "Meme cards" It is also in their terms and conditions.
This makes an airdrop highly unlikely ever since "Customize the card" In this context it means basically "Symbolology"no "Customize NFTs Trading Cards" pic.twitter.com/B2rQmIYSWD
— wale.moca 🐳 (@waleswoosh) January 18, 2025
The group is traded on Polygon and saw a 24-hour trading volume of $2,380,000 POL ($1.1 million).
The project has yet to make any announcements or acknowledge any chatter about NFT holders receiving token allocations or airdrops.
Trump’s token continues to divide opinions
Like Donald Trump, his memecoin elicits mixed reactions at opposite ends of the spectrum. On the one hand, some crypto natives are excited about the President of the United States interacting with cryptocurrencies on this level. However, the other camp questions the long-term impact of participating in the cryptocurrency community. Indeed, many people in his circle have banked thanks to the string of launches associated with his name.
World Liberty Finance, the DeFi project linked to the Trump family, is also being closely watched as some in the cryptocurrency space consider its transactions with the projects to be… Approvals.
Another issue noticed by investors is that Trump Group affiliates CIC Digital LLC and Fighter Fight LLC own 80% of the total token supply. However, these tokens are subject to a 3-year unlock plan, which helps allay fears of a sudden market dump.
However, the launch team now has allegations Sold Up to $500 million worth of memecoin already.
However, memecoin continues to rise to new levels. It has already gained over $5 billion in market capitalization and nearly $13 billion in trading volume to trade at around $29.
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