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

$TRUMP Memecoin Launch: Scaramucci Alleges Corruption

user avatar

by A1

2 hours ago


The recent launch of the $TRUMP memecoin on the Solana platform has sparked significant debate in the cryptocurrency industry. Anthony Scaramucci, a former aide to Donald Trump, voiced his criticism, labeling the event as corruption.

Launch of $TRUMP Memecoin

On Saturday, Donald Trump launched the $TRUMP memecoin on the Solana platform. Initially priced at $0.18, the token saw its value surge to $26.95 by the end of the first day, marking a 253.75% increase. The coin's market cap reached an impressive $5.39 billion.

Anthony Scaramucci's Criticism

Anthony Scaramucci took to social media to express his disapproval, describing the coin's launch as 'corruption' and claiming it damages the cryptocurrency industry. His criticism highlights growing concerns about the ethical boundaries of such ventures, especially those linked to prominent public figures.

The Trump meme coin stuff is bad for the industry. Don’t delude yourself. It’s Idi Amin level corruption.Anthony Scaramucci

Trump's History with Merchandise

This endeavor is not Trump's first attempt to monetize his brand. He has previously marketed various items featuring his image, such as digital trading cards and apparel. His niece, Mary Trump, has accused him of exploiting his brand for personal gain, a practice colloquially known as 'grifting.'

The launch of the $TRUMP memecoin has elicited strong reactions and raised important questions about the ethics and impact of such initiatives in the crypto industry. Allegations of corruption by Anthony Scaramucci emphasize the need for strict regulations and transparency in this field.

0

Share

Other news

Top Meme Coins: Arctic Pablo, Dogwifhat, and Sudeng

Explore Arctic Pablo, Dogwifhat, and Sudeng as promising meme coins for long-term investment.

user avatarA1

a few seconds ago

Top Meme Coins of 2025: Arctic Pablo, Snek, and Fartcoin

Exploring 2025 meme coin trends: Arctic Pablo, Snek, and Fartcoin stand out for their popularity and appeal.

user avatarA1

a few seconds ago

Elon Manipulates Trump (ELTRUMP): Cryptocurrency Growth Potential

Elon Manipulates Trump emerges as a promising Solana memecoin with a growth potential of over 19,000%.

user avatarA1

27 minutes ago

Cardano's Vision: Speed Enhancement and Integration

Cardano unveils plans to improve DeFi and accelerate blockchain to compete in the market.

user avatarA1

27 minutes ago

Crypto Events: Bitcoin's Surge and Trump's Memecoin

The week marked Bitcoin's rise and the launch of Donald Trump's memecoin in the crypto market.

user avatarA1

28 minutes ago

Meme Coins and Their Impact on the Modern Crypto Market

Explore the rise of meme coins and their influence in crypto projects like BTFD Coin, Pudgy Penguins, and Bonk.

user avatarA1

29 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

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.