#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 the centralization of their distribution, as 94% of the supply is held in just 40 wallets.

It is worth noting that there are ethical concerns about 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 launching the currency.

In other news, the Meme Index project is considered a potential alternative to the TRUMP currency, offering a decentralized protocol for meme coin indices and allowing holders of the core currency MEMEX to vote on the coins listed in the index listings.