The tokens were issued in August, and Trump’s wallet originally received $7,100 of TRUMP from the meme coin’s developers between August and October 2023. Sending tokens to a popular entity’s wallet is sometimes used as a marketing strategy by meme coin makers, as they can attract eyeballs – and buying interest.
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- Source: https://www.coindesk.com/markets/2024/01/24/donald-trump-labelled-wallet-has-over-1m-of-trump-meme-coin/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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