Trump Media to Launch Utility Token for Truth Social Platform

Trump Media Group is launching a utility token tied to its social media platform, Truth Social. This initiative aims to introduce premium services such as subscriptions and longer video uploads. A $250 million investment will support the development and launch of this project. The move has sparked investor interest and led to price fluctuations for the associated $TRUMP memecoin, which saw a 11% decline. This aligns with Trump’s broader crypto investments and marks a strategic shift towards integrating digital assets into social platforms.