New President of the USA Donald Trumpmade a significant impact on the cryptocurrency market before the swearing-in ceremony. Trump team on Friday evening last week solana He launched a memecoin called TRUMP on his blockchain. The token, which was heavily bought and sold over the weekend, quickly increased its market value to over 73 billion dollars. This development caused a wide repercussion in the cryptocurrency market.
Criticisms of TRUMP Memecoin
issued by Trump memecoinWhile it attracted great attention, it also came with criticism. Founder of SkyBridge Capital Anthony Scaramuccisaid that this initiative is bad for the industry. Bloomberg ETF analyst Eric Balchunas He evaluated this as an “exploitative” step.
Additionally, 80 percent of the TRUMP token is kept in wallets linked to the Trump team, fueling concerns. Analysts state that this situation may put pressure on the market. However, the project team announced that these tokens are subject to a three-year vesting period.
Trump family cryptocurrencyHis interest in s has been linked to post-election financial difficulties. It is emphasized that cryptocurrencies offer politicians the opportunity to directly reach the masses and collect donations.
Signals of the New Era
TRUMP memecoinIt shows that the USA has entered a new era in terms of cryptocurrency regulations. Bernstein analysts stated that this initiative is encouraging for US entrepreneurs. However, the sustainability of the TRUMP token will depend on the team’s future steps.
Analysts, trump He suggested that his brand could provide potential longevity to the project. However, for this, the team needs to develop the project with a less manipulative model.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
