In Just One Day of Listing in Korea… 'Trump Coin' Soars 120% [Hankyung Koala]
Summary
- It was reported that the Official Trump coin soared 122.42% in just one day of listing in Korea.
- Trump's side stated that 80% of the Official Trump coin is held by two affiliates.
- They plan to issue an additional 800 million Official Trump coins over the next three years.
The meme coin (trending cryptocurrency) 'Official Trump', issued by U.S. President Donald Trump, has been listed in Korea.
According to the industry on the 20th, the Korean cryptocurrency exchange Coinone has started supporting trading for Official Trump. This comes just three days after Official Trump was issued, and only one business day later.
Official Trump began trading at 35,720 KRW at 6 PM on this day. Within just an hour, Official Trump soared to 83,900 KRW. As of 9 PM, Official Trump is trading at 79,450 KRW, up 122.42%. Coinone is hosting an event offering benefits up to 1 million KRW to commemorate the listing of Official Trump.
Official Trump is a Solana-based meme coin issued by President Trump on the 17th. Trump's side stated that it is the only official Trump meme coin, inspired by the incident last July when President-elect Trump survived an assassination attempt.
80% of the Official Trump coin is held by two affiliates of the Trump Group. They issued 20,000 coins on this day and plan to issue an additional 800 million coins over the next three years.
Melania Trump also issued a meme coin the day before. '$Melania', issued by Melania's side, once soared by 24,000%, with its market cap reaching 8.5 billion dollars.
Reporter Jomi Hyun mwise@hankyung.com
Korea Economic Daily
hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.
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