#ILOVE$TRUMP Recent news about the TRUMP currency indicates a price increase of 11% after a post by Trump on the Truth Social platform supporting the currency, which led to a trading increase of 288%.¹ However, there are concerns about the sustainability of these currencies, especially with their centralized distribution, as 94% of the supply is held in just 40 wallets.

It is worth noting that there are ethical concerns regarding this currency, including the allocation of 80% of the supply to the Trump family, which could lead to inflation keeping the price under pressure.² There are also concerns about potential manipulation practices when the currency is launched.

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