Trump’s Family Warns Against TrumpCoin

Eric Trump posted on Twitter to warn his fans about the TrumpCoin meme coin, calling it a “fraud and “Legal action will be taken.”

TrumpCoin, a meme coin, has piqued the interest of individuals of the Trump family, who are not pleased. Donald Trump’s son, Eric Trump, tweeted today that the meme coin has nothing to do with the Trump family, is not approved, and will face “legal action.”

According to the TrumpCoin FAQ, it was created on February 20, 2016, to commemorate former President Donald Trump. On its Twitter feed, it also refers to itself as the “#1 Patriot Cryptocurrency”.

According to CoinMarketCap, the current market value of TrumpCoin is roughly $1.5 million, with a circulating supply of little more than 6.6 million coins. The coin presently has absolutely little trading activity, but it has increased by more than 350% today, most likely as a result of Eric Trump’s tweet.

TrumpCoin responded to the younger Trump brother’s Tweet with a snapshot of their FAQ:

“Trumpcoin.com is not owned, operated, endorsed by, or otherwise affiliated with Donald J. Trump, The Trump Organization, Donald J. Trump for President Inc, or any other organization owned and/or operated by Donald J. Trump or any of his affiliates.”

TrumpCoin isn’t the only meme coin aimed at Trump fans on the right. NASCAR turned down the endorsement of a meme coin named “LGBcoin” earlier this month. The abbreviation “LGB” stands for “Let’s Go Brandon,” a slogan that has become an online meme and is used as a stand-in for “F*ck Joe Biden.”

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Patrick

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