Trump Coin, which was released under the name of US President Donald Trump, settled at the focus of crypto currency investors after the announcement of a special event. This move, which came after Coin’s harsh decline, revived the interest of investors. The dinner invitation planned at the golf club in Virginia caused a rapid rise in prices.
The special invitation was flying the price
Trump Coin’s official website said in a statement, the largest 220 investors will be invited to a special dinner on May 22, said. The invitation will be held at a luxury golf club in Virginia. It is announced that additional privileges such as reception and White House tour will be offered among the top 25 investors.
Following the event announcement, a harsh jump was seen in the price of Trump Coin. Coin increased up to 58 %in a short time. The 24 -hour trading volume grew hundreds of times, which led to a sudden mobility in the market. Investors will be able to get an advantage in the ranking if they keep Coin between April 23rd and May 12th.
Only the event had no effect on the rise. Coin’s team behind the Trump family through business partners, the process of trading fees obtained from the coin reserves, he said. This statement further increased the curiosity of the project.
Political reactions and legal question marks
However, this movement opened the door not only at prices but also for political debates. Some politicians and ethical auditors described the effectiveness as “commercialization of political influence”. The focus of criticism was the idea that a US president would encourage investors for personal interest.
Democratic senator Chris Murphy defined the event as a clear corruption. “This is one of the clearer examples of corruption involved in a president,” he said in his share in his social media account. The arrows of criticism were not limited to this.
A social media user named Dday made a harder comment: “This application cannot be considered within the scope of the presidential powers. The legal process is likely to be activated.” Comments brought the possible legal consequences of the organization to the agenda.
Despite all these discussions, Coin began to be traded at $ 12.50. The increase in the interest of investors led to the possibility of climbing Coin’s peaks in the past. Some entrepreneurs in the sector turned this interest into an opportunity and put forward similar projects. A new breast coin project, World Liberty Financial (WLFI), has also found its place in the market.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
