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There’s no official confirmation about whether DJT on Solana is linked to Donald Trump’s campaign — but there are several reasons why the former president might be tempted. Donald Trump has railed against central bank digital currencies, opened the door to accepting crypto donations, and even called for all remaining Bitcoin to be mined in the U.S. But there’s another rumor doing the rounds that has really got the crypto community into a spin: whether or not the Republican nominee is launching his own token. For some time now, there’s been a flurry of memecoins inspired by the presidential campaign. Perhaps one of the best known ones is MAGA — a nod to his long-running slogan “Make America Great Again” — which trades under the TRUMP ticker. Right now though, there’s particular focus on a rival called TrumpCoin, which uses the ticker DJT and is based on the Solana blockchain. On Monday night, the independent media company Pirate Wires posted on X: Per conversations, Trump is launching an official token — $DJT on Solana. Barron spearheading. — Pirate Wires (@PirateWires) June 17, 2024 This prompted frenzied speculation and a fair amount of skepticism — especially considering that no source for this information was provided. But FOX Business added fuel to the fire after confirming crypto sources had said those with close ties to Trump “have been planning to launch a digital coin for at least two months.” There’s still been no comment from anyone within Trump’s campaign about how true all of this is. But Vivek Ramaswamy, who has been potentially touted as a potential running mate and vice presidential pick, told the news outlet: “I’m glad President Trump and his campaign are leaning into crypto, including accepting it — he’s ahead of the curve. Embracing crypto will help Trump continue…

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Filed under: News - @ June 20, 2024 10:10 am