In a surprising move just days before his inauguration, President-elect Donald Trump introduced his own cryptocurrency, $TRUMP, which has quickly gained traction in the market. Built on the Solana blockchain, $TRUMP has a capped supply of 1 billion coins, with 80% held by Trump-affiliated entities.
While the coin’s value soared after launch, it remains a meme coin with limited functionality, making it unlikely to dethrone Bitcoin. Critics have raised concerns about potential conflicts of interest given Trump’s significant holdings and crypto-friendly policy plans. Investors should proceed with caution.