Trump Media Invests $250 Million in Crypto, Exploring Utility Token for Truth+ Members

Trump Media & Technology Group is exploring a new utility token to benefit its Truth Social subscribers, potentially serving as payment for the Truth+ subscription service. This initiative has allocated $250 million from their funds to finance this project. While market reactions have been cautious, resulting in some decline in prices for Trump-related meme tokens, the potential benefits of increased user engagement are expected by analysts. The company is currently exploring how to integrate the token into the Truth Social ecosystem and how it could be used for other services.