• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Donald Trump's Meme Coin: Capitalization Surge and Legitimacy Questions

user avatar

by Giorgi Kostiuk

a year ago


As the inauguration of Donald Trump approaches, the crypto community is abuzz with the launch of a new meme coin linked to the president. A dramatic rise in its market capitalization has raised both interest and doubts about the project's legitimacy.

Launch of Meme Coin Ahead of Inauguration

Recently, a new meme coin, associated with Donald Trump, was launched on the Solana blockchain. In just the first few hours, its market cap reached $10 billion. However, skepticism surrounds this information, with concerns over potential compromise of Trump's official social media accounts.

Doubts and Community Reaction

As of now, there is no official confirmation about the coin's legitimacy. Although major accounts and news sources suggest it might be real, it remains unverified through official channels. Trump's social media posts have fueled doubts, with some speculating about possible hacking.

“The incoming President of the United States just launched a meme coin days before his inauguration. The market cap is almost $8 billion in less than 3 hours, which nearly doubles Trump’s net worth. Financial markets are not ready for what is ahead — buckle up.”Anthony Pompliano

Debates on Impact and Implications

The emergence of this meme coin has sparked discussions in the community, especially as inauguration day nears. Some supporters argue this could be the start of a new era for cryptocurrency, with Trump's involvement signaling mainstream acceptance. However, critics warn that launching a meme coin by a sitting president might be a risky move, questioning its impact on cryptocurrencies' legitimacy.

“Bro if this $TRUMP coin is real, wtf are his advisors doing. No video, no confirmation or proof it's real, just a social media post.”JRNY Crypto

The launch of the meme coin claiming association with Donald Trump has been a significant event in the crypto world. While official validations are lacking, the interest and discussions continue unabated.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

XRP Price Encounters Ongoing Decrease and Resistance Points.

chest

XRP price has extended its losses, trading below 1450, and is now consolidating with significant resistance levels ahead.

user avatarElias Mukuru

Bitcoin Technical Indicators Show Mixed Signals

chest

Current technical indicators for Bitcoin suggest a mixed outlook with potential for both gains and losses.

user avatarKenji Takahashi

Bitcoin's price is experiencing a drop beneath crucial support levels.

chest

Bitcoin is struggling to maintain stability above critical support levels, declining below 67,800 and testing 66,500. Further declines towards 64,200 are possible if support fails.

user avatarDiego Alvarez

Ethereum Attempts Recovery Amidst Selling Pressure

chest

Ethereum is attempting to rebound after recent selling pressure, but the recovery is weak.

user avatarMaria Fernandez

Tesla Stock Anticipated to Surge Following Grok AI Launch

chest

Tesla stock is expected to rise following the launch of the Grok AI Assistant, which introduces new features for users.

user avatarGustavo Mendoza

Tesla Launches Grok AI Assistant in Europe, Boosting Stock Potential

chest

Tesla has launched its Grok AI Assistant in the UK and European markets, enhancing its vehicle software capabilities.

user avatarRajesh Kumar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.