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International Business Times

Business

Marvie Basilan

US President 'Pumps' His Plunging $TRUMP Meme Coin To No Avail

Donald Trump Melania Trump Anthony Scaramucci United States Crypto Joe Biden Bitcoin

Donald Trump launched his official memecoin, $TRUMP, ahead of his inauguration. (Credit: The Official Trump Meme Website / Screenshot)

KEY POINTS

Trump tried to 'pump' his meme coin as the token continued to plunge in recent days
Scaramucci said Trump's attempt to pump his token only led to more 'dumps'
LunarCrush data shows that interest in $TRUMP has plunged tremendously since Inauguration Day

U.S. President Donald Trump noticed his meme coin's plummeting motion in recent days, and on Saturday, he attempted to "pump" the token's price, but it appears Official Trump (TRUMP) isn't affected amid a broader cryptocurrency market downturn.

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