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Cryptocurrency News Articles
Stephen "Coffeezilla" Discusses Donald Trump's Viral "Meme Coin" $TRUMP
Jan 18, 2025 at 09:01 pm
YouTuber Stephen "Coffeezilla" uploaded a video earlier today (January 18, 2025) discussing Donald Trump's viral "meme coin".
YouTuber Stephen "Coffeezilla" uploaded a video earlier today (January 18, 2025) discussing Donald Trump's viral "meme coin".
For those unaware, yesterday, President-elect Donald Trump announced a Solana-based meme coin $TRUMP via his official X page. And for those wondering, no, Trump's X account wasn't hacked — it was a legitimate post.
Coffeezilla has previously investigated various crypto projects, most notably $HAWK by Haliey "Hawk Tuah girl". Today, he released a new video discussing the Trump administration's venture into the crypto world. Describing the project, he said:
80% of $TRUMP is owned by President-elect Donald Trump's team, reveals Coffeezilla
Coffeezilla has uploaded a new video on his secondary channel, Voidzilla, where he unveiled the allocation details of Trump's meme coin, $TRUMP. According to the website, 80% of the coin is owned by Trump's team.
Coffeezilla stated that while some crypto enthusiasts might profit from the coin, the majority of people are likely to lose money on it:
Coffeezilla also questioned whether the coin was even permitted or legal, stating that it raises ethical concerns:
He added this on his X:
According to Binance.com, $TRUMP is the second-largest meme coin of all time. One user reportedly turned $231 into $2.39 million, achieving a 555,282% return on investment. The coin has already reached $1 billion in trading volume and a market cap of $14.5 billion.
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