Trump Supporters to Receive $50 in TRUMP Tokens Amid Market Downturn
The official TRUMP token has dropped 8% in the past 24 hours as the broader crypto market continues to decline.
In an effort to reward loyal supporters, Donald Trump’s team is distributing three TRUMP tokens—worth just over $50—to individuals who previously purchased merchandise from Trump-affiliated stores. Eligible buyers include those who bought Trump-branded sneakers, perfumes, trading cards, or watches, with tokens claimable until March 1.
Trump-themed products have been known to command high prices. Last summer, his Bitcoin Sneakers launched at $500 per pair, with resale prices reaching as high as $2,500.
TRUMP, the memecoin linked to the former president, was introduced just before he took office on January 20, making history as the first cryptocurrency officially associated with a sitting U.S. president. It initially traded for just a few dollars but surged to over $75, briefly pushing its market capitalization past $13 billion.
However, a mix of profit-taking, a declining crypto market, and concerns over token distribution have weighed on TRUMP’s value, which has fallen more than 75% from its peak.
