Read more % Amid the President’s address to Congress, the TRUMP meme coin rose 6% - Dogecoin and Trump’s official meme coin rose on Tuesday Following President Donald Trump’s address to a joint session of Congress, Dogecoin and Trump’s official meme coin rose.
What happened: trump #rose more than 6%, becoming the most successful #meme coin in the last 24 hours with a capitalization of more than $1 billion.
Interestingly, First Lady Melania Trump’s official coin also rose 5%. Notably, in his speech, Trump praised Melania’s devotion to her adopted children.
#Dogecoin rose 3.50% after Trump highlighted efforts to curb wasteful spending by the Department of Government Efficiency, headed by tech giant Elon Musk. Trump introduced the department by pronouncing doge, an acronym symbolizing the popular dog-themed cryptocurrency.
The previous day’s losses due to Trump’s tariffs on Canada, Mexico and China were offset by a late-night surge.
However, on a broader time horizon, the situation looks bleak. Over the past month, TRUMP is down 26%, MELANIA is down 44%, and DOGE is down 14.24%.
Benzinga Note: Investing in meme coins is highly speculative and involves significant risks. Meme coins often have no intrinsic value and are determined by market sentiment, social media trends and speculative trading.
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The president’s wide-ranging speech touched on several key economic issues, from electric cars to energy production to government efficiency. Addressed.
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