TRUMP memecoin project to airdrop around $50 of tokens to buyers of Trump-branded products

A company connected to United States President Donald Trump will airdrop three TRUMP tokens to individuals who have purchased Trump-branded watches, fragrances, sneakers or digital collectible cards.Users will get three TRUMP tokens no matter how many products they purchased, as long as they bought the items before Feb. 15, according to Trump's memecoin website. TRUMP trades at $17.31, valuing the airdrop around $50 USD. Users have until March 1 to claim their tokens. The blockchain platform Crossmint is facilitating the airdrop. Trump launched his memecoin ahead of his Jan. 20 inauguration as 47th United States President, where it quickly rose to a $67 price point and cracked the top 20 cryptocurrencies. TRUMP ranks 43rd, just behind Aptos, by market capitalization as of publication, according to The Block's price dashboard. In late 2022, Donald Trump unveiled his NFT collection, containing 45,000 Polygon-based assets selling for $99 each. After launching subsequent collections, Trump revealed in an August 2024 financial disclosure that he earned $7 million from his NFT collections.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.