Trump touts memecoin as sentiment gauge as $520M unlock nears

Trump seems to recognize his official memecoin, down 85% from its all-time high, as a tool to measure public sentiment.

United States President Donald Trump has signaled support for the idea that his official memecoin reflects public sentiment about his leadership.

In a post on his social media platform Truth Social, Trump shared a Newsmax article discussing how his official cryptocurrency token serves as a gauge of political momentum, echoing views shared by some crypto industry figures. 

While the president may recognize his memecoin as a success barometer, the token’s market performance paints a more sobering picture if it’s to be used as a sentiment gauge. 

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