Donald Trump Drops New Meme Coin Days Earlier than Inauguration

President-elect Donald Trump’s social media accounts have shared what seems to be an official Solana meme coin referred to as TRUMP days earlier than his inauguration.
The meme coin, promoted as an “Official Trump Meme Coin,” reached a market cap of $9 billion inside three hours of launch. 
Donald Trump Launches New Meme Coin 
President-elect Donald Trump has launched a brand new Solana-based meme coin by way of his Fact Social and X accounts simply days earlier than he takes workplace for a second time. The meme coin reached a market cap of $9 billion inside hours of its launch, surpassing a number of outstanding meme cash like PEPE and BONK. Crypto merchants instantly started shopping for the coin, producing thousands and thousands in buying and selling quantity. In the meantime, on-chain investigators and safety specialists started analyzing the meme coin extra carefully, looking for any potential crimson flags. Trump posted concerning the launch on his social accounts stating, 

“My NEW Official Trump Meme is HERE! It’s time to have fun every little thing we stand for: WINNING! Be a part of my very particular Trump Neighborhood. GET YOUR $TRUMP NOW.”

Skepticism Galore 
The launch of the TRUMP meme coin was met with appreciable pleasure by the crypto group and Trump’s supporters. Nevertheless, it additionally generated skepticism amongst on-chain investigators. It's because the mission and its launch had all of the hallmarks of movie star meme coin scams launched over the previous yr. These scams usually concerned hacking a public character’s social media account to advertise a pump-and-dump scheme. Many within the crypto business had been divided about whether or not Trump was behind the posts or if his accounts had been compromised. BecauseBitcoin founder and CEO Max Schwartman acknowledged, 

“I’m so confused by this. $TRUMP is sitting at a 3B market cap. This should be a hack, proper? No approach he simply launched his personal memecoin. If it’s a hack, it will severely mute Trump's bullishness on crypto proper as he takes workplace (bearish). If it’s not a hack then the subsequent president of america simply launched a shitcoin & issues are about to get completely uncontrolled this quarter (bullish possibly).”

Launch Seems Reliable 
Nevertheless, the mission seems official and related to the entity that launched Trump’s collectible NFT buying and selling playing cards, CIC Digital LLC. The Donald J. Trump Revocable Belief owns the agency. It is usually the agency by way of which Trump entered a licensing settlement to promote his Trump-branded NFTs. Moreover, the web site states, 
“CIC Digital LLC and Celebration Playing cards LLC, the homeowners of Battle Battle Battle LLC, will obtain buying and selling income derived from buying and selling actions of Trump Meme Playing cards.” 
Referring to the meme cash as “Trump Memes,” the web site additionally clarifies the tokens usually are not meant to be, or to be topic to an funding alternative, funding contract, or safety of any sort. In keeping with the web site, there are 200 million TRUMP tokens, with the provision set to develop to 1 billion over three years. It breaks down the token distribution as properly, with creators and CIC Digital to obtain 80% of the token over three years of tranched unlocks, 10% allotted for public distribution, and one other 10% for liquidity. 

“Creators and CIC Digital are set to obtain 80% of the token over three years of tranched unlocks, with 10% allotted for Public Distribution and a closing 10% put aside for Liquidity.”

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