Trump’s Alleged Meme Coin $TRUMP Hits $8 Billion in 3 Hours: Is It Real?
Preparing Donald Trump’s inaugurationThe cryptocurrency world has been rocked by news of a new meme coin tied to the president-elect. This cryptocurrency is Solana Blockchainits market value rose sharply, reaching $10 billion in just a few hours. However, there is skepticism about the coin’s legitimacy, with many questioning whether Trump’s official social media accounts have been compromised.
As of now, there is no official confirmation whether the coin is legal. While major reports and news sources indicate that the news is likely to be true, it has yet to be confirmed through official channels. Trump’s own social media posts have raised questions, with some suggesting they could be the result of a hack.
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Debate continues over the legality of Trump meme coin issuance
The incoming US president launched a meme coin just days before his inauguration. In less than 3 hours, the market capitalization reached nearly $8 billion, which is almost twice Trump’s net worth. Financial markets are not ready for the future – buckle up.
However, Crypto commentator JRNY Crypto is skeptical.
Man, if this Trump coin is real, what are his advisors doing. No video, no confirmation or proof of its authenticity, just a social media post.
The excitement surrounding this development is creating buzz in the market, especially as Inauguration Day approaches. The release also sparked wider debate in the crypto community. Supporters believe it could be a sign of a new era for cryptocurrencies, with Trump’s involvement signaling mainstream acceptance. Critics, on the other hand, have warned that launching a meme coin by a sitting president could be a risky move, questioning its impact on the legitimacy of cryptocurrencies.
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