- Investors in Donald Trump’s cryptocurrency can now use the $Trump coin to buy sneakers, perfume, and watches, all themed to Trump. A travel site has also begun accepting the coins.
Bought Donald Trump’s memecoin and wondering what to do with it?
There is, of course, the option of holding (sorry…hodling) the crypto in hopes of seeing its value escalate. That’s certainly possible, given the increasing popularity of digital tokens, but $TRUMP is far off its peak of $75.35, which hit on and around election day, trading early Thursday for less than $28. And memecoins, on the whole, don’t tend to show consistent or lasting rises in value.
Now a number of businesses have begun accepting the coin for purchases, but if you’re not looking to buy a Trump-themed product, you could be out of luck.
Three sites, which license the name of Trump, have begun accepting the crypto. Those sites—GetTrumpWatches.com, GetTrumpFragrances.com, and GetTrumpSneakers.com—focus their sales on…well, you can probably figure that out.
The Trump-backed Bible, which included a copy of the Constitution and the lyrics to Lee Greenwood’s “Proud to be an American,” still cannot be purchased using the memecoin, however.
Also accepting the coins is travel site Travala, which also accepts over 100 other types of crypto, including DogeCoin, Shiba Inu, and the memecoin created by controversial social media personality Andrew Tate.
Right now, roughly 700,000 people hold the Trump coin. To use it at these online retailers, holders will have to choose the Solana Pay option, according to a report on Bloomberg.
The $TRUMP crypto (as well as memecoins from his wife Melania and other pending crypto ventures) could earn Trump billions, but it’s an enormous potential conflict of interest for the administration, which is expected to oversee the relaxation of financial regulations that have corralled cryptocurrencies to protect investors.