Former Donald Trump campaign adviser Roger Stone’s endorsement of the TRUMP meme coin on X has led to a 17% surge in value, despite a general downturn in the cryptocurrency market. Stone claimed the coin was the largest holding in Trump’s crypto wallet, sparking increased interest.
Stone publicly supported Trump’s cause on X, highlighting his collaboration with MAGA Memecoin, the organization responsible for the token. Stone’s announcement tweet boosted Trump’s value significantly.
Trump’s surge contrasts with crypto market’s 2.3% decrease. The meme coin, now 17% higher against the dollar, experienced growth due to Stone’s endorsement, attracting investors. Concurrently, Boden meme coin, named after Biden, observed a 10% rise as Trump gained momentum.
Trump owns approximately $2.9 million worth of TRUMP tokens, obtained through a distribution of 579,290 tokens that were sent to his wallet address. Trump has not yet disposed of any TRUMP tokens but has employed Ethereum for transactions related to his NFT offerings. The validation from Stone’s endorsement enhances the significance of Trump in the crypto sector.
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2024-04-21 03:35