First response to the official meme coin $TRUMP! Trump: "I'm not sure, but I know it's very successful!"

US President Donald Trump accepted a media interview on Tuesday and when asked about the official meme coin $TRUMP he recently launched, Trump joked, "I don't know much about it, I just know I launched it. I heard it's performing very well, but I haven't looked into it in detail yet."

The reporter then mentioned that $TRUMP had created billions of dollars in market value in just a few days. Trump humorously responded, 'Billions? That's just pocket change for them.'

"They" refers to Softbank founder Masayoshi Son, OpenAI CEO Sam Altman, and Oracle founder Larry Ellison, who were present with Trump at the time.

Earlier, Block Client reported that Trump held a press conference on Tuesday to announce that OpenAI, Oracle, and SoftBank will jointly establish a company called 'Stargate,' investing $500 billion in the next 4 years to build artificial intelligence (AI) infrastructure in the United States and construct data centers in Texas. Texas, known for its low electricity prices, is also a major hub for Bitcoin mining.

The Trump family has sparked a meme coin frenzy

On January 18, Trump announced the official meme coin $TRUMP, which quickly sparked a buying frenzy in the market, driving the market value to briefly exceed $13 billion. However, after the First Lady Melania also announced the launch of her personal meme coin $MELANIA, the market value of $TRUMP has now fallen to approximately $8 billion. At the time of writing, the trading price is $41.43, a drop of over 40% from the record high of $73.43 on January 19.

There are also reports that Trump is planning to sign an executive order to prioritize cryptocurrency as a national policy and appoint technology entrepreneur David Sacks as the 'White House Crypto Tsar' responsible for planning related policies.

However, investment bank TD Cowen warns that the $TRUMP frenzy may pose challenges for the US Congress to promote cryptocurrency legislation, as the relevant investigations may exacerbate the two-party opposition.

Alexander Blume, CEO of Two Prime Digital Assets, stated:

The amazing success of this meme coin will undoubtedly increase Trump's interest in the cryptocurrency industry, after all, he is also a direct beneficiary.

However, for those who hope that encrypted coins can disrupt the global financial system, this frenzy makes the market look more like a 'cryptocurrency casino' rather than real progress and reform.

〈First official response to the meme coin $TRUMP! Trump: “I'm not sure, I just know it's very successful!”　This article was first published in "Block Times".〉