• 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

Market Analysts Discuss Impact of Binance's Delisting Strategy

chest

Industry analysts provide insights on the implications of Binance's delisting of margin pairs.

user avatarAndrew Smith

Binance Advises Traders to Close Positions Before Delisting Deadline

chest

Binance advises traders to close positions and transfer assets before the January 6, 2025 deadline to prevent unnecessary liquidations.

user avatarZainab Kamara

Binance Delists 14 Margin Trading Pairs Including BCHFDUSD

chest

Binance announces the delisting of 14 margin trading pairs, including BCHFDUSD, effective January 6, 2025, impacting thousands of traders globally.

user avatarJacob Williams

Hyperliquid to Unstake 12 Million HYPE Tokens for Team Distribution

chest

Hyperliquid announces the unstaking of 12 million HYPE tokens for team distribution starting January 6, 2026.

user avatarSon Min-ho

Bitcoin's Future Recovery Potential Amid Changing Market Conditions

chest

Bitcoin's future recovery potential is analyzed in light of historical market behaviors and current liquidity injections by the Federal Reserve.

user avatarAyman Ben Youssef

HYPE Stabilizes After December Losses

chest

HYPE shows signs of stabilization near 2554 USD after significant losses in December.

user avatarKofi Adjeman

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.