Trump Media announces new token launch and native crypto wallet in latest Shareholder letter
- Trump Media will launch a utility token and digital wallet to power Trump-owed social media platform Truth Social.
- According to the shareholder letter, Premium services like subscriptions and longer video uploads will be tied to token utility.
- TMTG also plans Truth+ expansion into Canada and Mexico, and will invest $250M from cash reserves into digital assets.
- Trump token price is down 10% amid fears the project could be abandoned for the newly launched token
Trump Media unveils plans to launch a utility token and crypto wallet to monetize Truth Social and expand its streaming services. Markets react with a 10% drawdown on the Solana-hosted official TRUMP memecoin.
