Trump Meme Coin Finds New Purpose: Buying Watches and Sneakers

Donald Trump’s meme coin, TRUMP, is making waves beyond the usual crypto speculation. Several websites selling Trump-branded products, including watches and sneakers, now accept the token as payment. This unexpected use case has sparked interest among crypto enthusiasts and retailers alike.

Trump-Backed Merch Stores Now Accept TRUMP Tokens

A handful of Trump-associated online stores, such as GetTrumpWatches.com, GetTrumpFragrances.com, and GetTrumpSneakers.com, have started accepting the TRUMP token as a payment option. These platforms, which license the Trump brand, have aligned themselves with the pro-crypto stance of the former U.S. president.

Alongside TRUMP, customers can also check out using Bitcoin (BTC) or traditional credit cards. The adoption of crypto in Trump-branded online stores is seen as an effort to tap into the growing digital asset economy. Even Travala, a travel booking platform, has joined in, further legitimizing the token’s utility.

For those looking to complete their purchases using TRUMP, the checkout process requires selecting the “Solana Pay” option. Since the token operates on the Solana blockchain, transactions rely on this network’s infrastructure.

Market Sentiment: TRUMP Token Gains Traction Despite Volatility

TRUMP’s price stood at $28.03 at last check, marking a 4.42% drop in the past 24 hours. The cryptocurrency, launched just before Trump’s inauguration, has experienced significant volatility, with a trading volume of $2.64 billion and a market capitalization of $5.6 billion.

Initially soaring to an all-time high of $75.35, the token has since plummeted by 62.61%. Analysts suggest that insider selling might have contributed to this sharp decline. However, with over 700,000 holders, TRUMP remains a topic of interest in the crypto world.

While the coin is struggling to regain momentum, its adoption for purchases could add credibility. The acceptance of TRUMP by businesses signals a shift from speculative trading toward practical usage, though questions remain about long-term stability.

Technical Analysis: TRUMP in a Bearish Phase but Buyers Show Interest

Market data suggests that TRUMP is currently in bearish territory. Its price movement has tested the lower end of the Bollinger Bands, a technical indicator used to assess market trends. The Relative Strength Index (RSI) for TRUMP stands at 40.39, indicating that selling pressure is stronger than buying interest at the moment.

Despite this, some traders are stepping in at lower prices. The RSI gradient suggests a possible reversal, hinting that demand might pick up soon. If buying pressure increases, the coin could see a rebound from its current support levels.

A key factor to watch is whether adoption for purchases influences the token’s price. If more businesses start accepting TRUMP, it could encourage long-term holding and reduce volatility.

What’s Next for the TRUMP Token?

The expansion of TRUMP’s use case beyond speculation marks an interesting development. While meme coins often struggle to find real-world applications, the token’s association with Trump provides a unique advantage.

Some key questions remain:

• Will more retailers start accepting TRUMP?
• Can the token’s price stabilize as its utility grows?
• How will regulators react to a former president’s crypto project gaining traction?

For now, the meme coin is navigating a volatile market while attempting to carve out a place in retail transactions. Whether this is a passing trend or a sign of broader adoption remains to be seen.