Donald Trump supporters who have purchased merchandise from websites associated with the former U.S. president are in for a special treat. They will receive three TRUMP tokens, valued at just over $50, for each email address used to make a purchase. This promotion is set to expire on Mar. 1, giving past buyers the opportunity to claim their tokens.
The merchandise sold on Trump-affiliated websites typically features products branded with Trump’s image or famous catchphrases. These items often come with a hefty price tag, as seen with the limited edition Trump-themed Bitcoin Sneakers that were selling for around $500 a pair in July, with some being resold for as high as $2,500.
Despite the initial excitement surrounding the TRUMP token, its value has seen an 8% decrease in the past 24 hours, mirroring the broader trend in the crypto market. When the token was first introduced just days before Trump left office on Jan. 20, it quickly gained traction as the first memecoin associated with a sitting president. At its peak, the token reached over $75, giving it a valuation of $13 billion.
However, recent sell-offs, a general decline in the crypto market, and concerns about the distribution of TRUMP have led to a significant drop in its price. It is now trading at more than 75% below its all-time high.
As Trump supporters eagerly claim their TRUMP tokens, they will be part of a unique cryptocurrency phenomenon that has captured the attention of both investors and political enthusiasts alike. The future of the TRUMP token remains uncertain, but one thing is for sure – it has certainly made its mark in the world of digital currencies.