• 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

Massive 222 Million USDT Transfer from OKX Raises Market Speculation

chest

A significant transfer of 222,692,703 USDT from OKX to an unknown wallet has sparked speculation in the cryptocurrency market.

user avatarAisha Farooq

France Proposes Mandatory Reporting for Self-Custodied Crypto Holdings

chest

The French government is considering a bill that would require individuals to report cryptocurrency holdings exceeding 5,000 euros.

user avatarTenzin Dorje

LUNA Prices Surge 40% Following Do Kwon's Sentencing

chest

LUNA prices surged by 40% following the sentencing of Do Kwon, reflecting market reactions and shifting investor sentiment.

user avatarBayarjavkhlan Ganbaatar

Anonymous Solo Miner Strikes Gold with 31 BTC Reward

chest

An anonymous solo miner successfully mined a Bitcoin block, earning a reward of 31 BTC, valued at approximately $280,000, on December 11th.

user avatarMohamed Farouk

Nvidia Faces Increased Competition from Chinese Chipmakers

chest

Nvidia is facing increased competition from local Chinese chipmakers like Kunlunxin as China prioritizes domestic technology.

user avatarArif Mukhtar

YouTube Integrates PayPal's PYUSD Stablecoin for Creator Payments

chest

YouTube has integrated PayPal's PYUSD stablecoin as a payment method for content creators, marking a significant step towards cryptocurrency adoption.

user avatarElias Mukuru

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.