Cathie Wood Passes On Trump Meme Coin, Poll Shows Investors Split With 58% Saying This
Meme coin Official Trump (CRYPTO: TRUMP), associated with President Donald Trump, launched ahead of the Jan. 20 inauguration day and took the cryptocurrency sector by storm.
A new poll shows readers are split on whether they would consider buying the meme coin.
What Happened: Posts made on X and Truth Social announced the official launch of the Trump coin, with some users believing the incoming president of the U.S. had been hacked.
Instead, the launch was done before Trump officially became president and he later confirmed his involvement with the cryptocurrency.
A large portion of the coin’s supply is controlled by Trump-affiliated companies, but retail investors also bought up supply of the coin. This and other factors may be keeping people from accumulating the cryptocurrency.
“Would you consider buying the Trump meme coin?” Benzinga recently asked its readers.
The results were:
- No: 58%
- Yes: 42%
The poll, which was conducted between Jan. 21 and Jan. 22, saw a mixed reaction from readers with the majority favoring not buying the coin. At the time the poll was conducted, TRUMP traded between prices of around $36 and $48.
At the time of writing, the …
About The Author
