BlockBeats News, April 27th, a BiyaPay analyst stated that due to the stimulus of the Trump banquet, TRUMP Coin has surged by as much as 75.7% in the past week, currently trading at $14.93. While it is not ruled out that the further fermentation of this event may continue to drive up the coin's price, investors should also be aware that meme coins fundamentally lack tangible value support. If any related negative news events occur, it may also severely impact TRUMP Coin; therefore, caution is advised.
According to NBC, Democratic Senator Jon Ossoff recently publicly expressed support for impeaching Trump at a local town hall meeting regarding Trump's plan to host a private banquet for his meme coin holders. Ossoff emphasized that this banquet not only involves potential conflicts of interest but may also violate federal ethics regulations. In addition to Ossoff's criticism of Trump's actions, anti-Trump voices within the U.S. political arena have been heard frequently. For example, Senator Chris Murphy also bluntly criticized on the social platform X, stating, "This is the most overtly corrupt thing the President has done." Furthermore, Tony Carrk, Executive Director of the nonprofit organization Accountable.US, criticized that Trump "publicly invited investors to bid for closeness to the President," effectively turning the presidential office into a personal business tool.
On the other hand, some cryptocurrency investors and Trump supporters have expressed high appreciation for this move. They believe that Trump's actions demonstrate his innovative thinking as the "crypto president" and that through direct interaction with investors, he will truly drive the U.S. to become a "Bitcoin superpower." Eric Trump, on behalf of the Trump Organization, also expressed pride in the "TRUMP" meme coin becoming the "hottest digital meme" at present, emphasizing that this is a successful strategic layout by their family in the cryptocurrency field.
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