{"id":9016,"date":"2025-01-22T07:47:13","date_gmt":"2025-01-22T07:47:13","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=9016"},"modified":"2025-01-22T07:47:13","modified_gmt":"2025-01-22T07:47:13","slug":"donald-trumps-official-token-surges-25-as-some-see-it-as-bet-on-presidency","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=9016","title":{"rendered":"Donald Trump&#8217;s Official Token Surges 25% as Some See it as Bet on Presidency"},"content":{"rendered":"<div>\n<p>TRUMP memecoin riches have spurred billions of dollars for the newly sworn-in U.S. President Donald Trump, an amount he termed as \u201cpeanuts\u201d compared to corporate bigwigs in his first address of the token since launch.<\/p>\n<p>&#8220;I don&#8217;t know much about it other than when I launched it. I heard it was successful,\u201d Trump said in a press conference on Tuesday when asked by a reporter. \u201cWhere is it today? Several billion?<\/p>\n<p>\u201cThat&#8217;s peanuts for these guys,\u201d he added, referring to the networth of other businessmen in the room that included SoftBank&#8217;s Masayoshi Son, OpenAI&#8217;s Sam Altman and Oracle&#8217;s Larry Ellison.<\/p>\n<p>Token prices zoomed 25% in the past 24 hours, beating gains in bitcoin (BTC) and other majors, to reverse losses from earlier in the week. It sits at an $8 billion market capitalization as of Wednesday morning, up nearly 900% since going live.<\/p>\n<p>Trump also unveiled a $500 billion joint venture termed Stargate at the event, which aims to build data centers in Texas and would invest in AI infrastructure.<\/p>\n<p>Meanwhile, some see TRUMP as a bet on the Republican\u2019s popularity and policies in his term, with ripple effects on how it may shape up Web3 and memecoin markets.<\/p>\n<p>\u201cLonger term, TRUMP coin could act as a barometer for public sentiment towards Trump\u2019s presidency,\u201d Yat Siu, co-founder and executive chairman of Animoca Brands told CoinDesk in a message. \u201cCulture memes and tokens are essentially a highly variable public polymarket of culture and zeitgeist, and we\u2019ve seen this play out accordingly.\u201d<\/p>\n<p>\u201c(However) If the initiative is perceived as a cash grab without further engagement, we may well see a crypto chill for meme tokens, potentially draining attention and liquidity out of the meme space. How the TRUMP token is handled is likely to have a ripple effect on trust and reputation for the entire crypto and Web3 industry,\u201d Siu added.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TRUMP memecoin riches have spurred billions of dollars for the newly sworn-in U.S. President Donald Trump, an amount he termed as \u201cpeanuts\u201d compared to corporate bigwigs in his first address of the token since launch. &#8220;I don&#8217;t know much about it other than when I launched it. I heard it was successful,\u201d Trump said in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-9016","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/9016","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9016"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/9016\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}