• 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

Meme Coin Market Experiences Notable Drop.

chest

The meme coin market has experienced a substantial downturn, with the Meme Coin Index showing a significant drop in value over the past year.

user avatarDiego Alvarez

Ethereum Foundation to Unveil zkVM Architecture Whitepaper

chest

The Ethereum Foundation is set to release a whitepaper detailing the requirements for the zero-knowledge virtual machine (zkVM) architecture.

user avatarKenji Takahashi

Ethereum Sees Surge in AI Agent Registrations

chest

Ethereum has seen a significant influx of AI agents, with 13,000 registered in one day, marking a step towards building a foundation for autonomous AI systems.

user avatarGustavo Mendoza

Ethereum Aims to Lead AI Development with Innovative Solutions

chest

Ethereum is positioning itself as a key player in blockchain and AI, aiming to become the default network for AI development through innovative solutions like zero-knowledge privacy payments.

user avatarMaria Fernandez

Waymo Sets Ambitious Goal for Paid Rides

chest

Waymo, the autonomous cab service owned by Alphabet, aims to achieve one million paid rides per week by the end of 2026.

user avatarRajesh Kumar

Alphabet's Stock Experiences Volatility Amid Waymo Developments

chest

Alphabet's stock has seen fluctuations due to Waymo's updates and a recent bond sale for AI funding.

user avatarMiguel Rodriguez

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.