• 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

Pi Network Enhances KYC System and Validator Rewards Distribution

chest

Pi Network has enhanced its KYC process with AI tools and is working on distributing rewards to validators.

user avatarJacob Williams

Nassim Taleb Issues Warning on Bitcoin Amid Market Instability

chest

Nassim Taleb warns of systemic risks threatening Bitcoin due to excessive leverage in the markets.

user avatarMohamed Farouk

Vitalik Buterin Critiques Centralization in New Blog Post

chest

Ethereum cofounder Vitalik Buterin critiques the threats of centralization from Big Business, Big Government, and Big Mob in his new blog post 'Balance of Power', proposing 'mandatory diffusion' as a solution.

user avatarElias Mukuru

Buterin Advocates for Adversarial Interoperability

chest

Buterin highlights the importance of adversarial interoperability as a mechanism to combat centralization.

user avatarDiego Alvarez

Oloruntoba Ojo: Architect of Africa's Fintech Revolution

chest

Oloruntoba Ojo, a software engineer, plays a crucial role in developing scalable fintech systems in Africa.

user avatarKenji Takahashi

RBI Deputy Governor Criticizes Bitcoin's Speculative Nature

chest

RBI Deputy Governor T. Rabi Sankar has expressed concerns about Bitcoin, labeling it as a speculative asset with no real economic value.

user avatarMaria Fernandez

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.