#ILOVE$TRUMP Recent news about the TRUMP coin indicates a price increase of 11% following a post by Trump on the Truth Social platform supporting the coin, which resulted in a trading increase of 288%.¹ However, there are concerns about the sustainability of these coins, especially with the centralization of their distribution, as 94% of the supply is held in only 40 wallets.

It is worth noting that there are ethical concerns regarding this coin, including the allocation of 80% of the supply to the Trump family, which could lead to inflation keeping the price under pressure.² Additionally, there are concerns about potential manipulation practices at the time of the coin's launch.

In other news, the Meme Index project is considered a potential alternative to the TRUMP coin, as it offers a decentralized protocol for meme coin indices and allows holders of the base coin MEMEX to vote on the coins listed in the index lists.