Posted 3/4/2024, 6:12:00 PM
Trump-Themed Memecoin Soars 700% to Nearly $500 Million Market Cap
- Trump-themed memecoin (TRUMP) has surged over 700% in past month to nearly $500M market cap
- Coin seen as a "de facto betting market" on Trump's election odds by some investors
- Recent Trump events have coincided with direct changes in coin's value
- Project hopes to reach scale & popularity of top memecoins like DOGE and SHIB
- Some investors see TRUMP as a way to profit from Trump's ability to attract attention, not just election odds