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A cryptocurrency token created in honor of Donald Trump grew by more than 20,000% per day

3:16 pm, March 12, 2024

Not financial advice!

Over the past 24 hours, the new Turbo Trump meme token has risen by more than 20,000%, and yesterday the virtual coin, based on the Base blockchain, was launched on SushiSwap.

Turbo Trump (PRESI) is the latest in a series of meme coins that have emerged in recent months. The cryptocurrency is associated with the upcoming presidential election and relies on the odiousness of Donald Trump.

However, it is unclear how durable this token will be, as its existence as a «fan version of the original Turbo Trump» indicates that it is not backed by an experienced and professional development team.

It is noteworthy that the PRESI meme coin has already experienced several ups and downs, despite the fact that it was listed on the exchange only a day ago. The token showed a small price surge after listing, although it has since repeatedly fallen and returned to its original values.

DEXTools data shows that the coin is currently held by only 101 holders, and its 24-hour liquidity is only $ 60,000. This makes it a risky meme token, and crypto market experts suggest that the token could suddenly collapse in the near future. Its presence on the Internet also does not inspire confidence, as the crypto project’s account on X informs that it is a «fan version» of the earlier Turbo Trump coin. It is noteworthy that the account has just over 120 followers.

No Worries strongly advises readers not to invest in dubious crypto projects and little-known digital assets!

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