Donald Trump-Labelled Wallet Has Over $1M of TRUMP Meme Coin

The tokens were issued in August, and Trumpโ€™s wallet originally received $7,100 of TRUMP from the meme coinโ€™s developers between August and October 2023. Sending tokens to a popular entityโ€™s wallet is sometimes used as a marketing strategy by meme coin makers, as they can attract eyeballs โ€“ and buying interest.

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