Trump memecoin launches NFT collection, ranked 4th in global volume

While memecoin TRUMP has captured all the attention since its launch on Friday, the Donald Trump NFT collection has also quietly surged 400% throughout the whole Saturday. Cryptocurrency holders are looking for clarity and friendlier regulations in the industry. No one saw him release memecoin a few days before the inauguration. According to reports, the incoming POTUS did not inform those in his inner circle about the plan to launch the memecoin. The token launch took place just hours before the opening of the cryptocurrency gala hosted by Trump's White House adviser, David Sacks. Analysts ease discussions about rewards for NFT holders Increasing speculation suggests that owners of Trump's NFT cards may receive a memecoin allocation, which has caused the floor price of the collection to surge over 400% today. The floor price soared to $1,000, making the trading card one of the best-performing NFT projects in recent times.

NFTs are sold in multiple rounds, with an average price of $99 per card. With today's price increase, some holders have seen their NFT purchases increase by up to 13 times. Investors in this field quickly emphasized that the company has helped launch the NFT collection, CIC Digital, and also participated in the memecoin TRUMP However, it seems that NFT holders will not receive any automatic allocation or airdrops as stated on the gettrumpmemes.com website. The term 'meme token' seems to be another term that the project uses to describe its token allocation, rather than the NFTs previously held. This collection is traded on Polygon and has a 24-hour trading volume of 2,380,000 $POL (1.1 million dollars) The project has not yet made any announcements or confirmed any discussions regarding the distribution of tokens or airdrops for NFT holders. TRUMP continues to divide opinions Like Donald Trump, his memecoin has generated polarized reactions at both ends of the spectrum. On one hand, some cryptocurrency enthusiasts are excited about POTUS's interaction with cryptocurrency at this level. However, the other camp is skeptical about the long-term impact of getting involved in the cryptocurrency community. Many people in his circle have made money from the series of launches related to his name. World Liberty Finance, a DeFi project related to the Trump family, is closely monitored because some people in the cryptocurrency community see the project's transactions as validation. Another issue that investors should note is that Trump Group's subsidiaries, CIC Digital LLC and Fighter Fight LLC, hold 80% of the total token supply. However, these tokens must follow the unlocking plan within 3 years, easing concerns about sudden market collapse. However, there is currently information that the issuing group has sold memecoins worth up to 500 million dollars. However, memecoin continues to soar to new heights. It has reached a market capitalization of over 5 billion dollars and a trading volume of nearly 13 billion dollars to trade at around $29. DYOR! #Write2Earn #Write&Earn $BTC {spot}(BTCUSDT)