Trump-Linked Memecoin Surges, Raising Questions About Legitimacy
- A cryptocurrency linked to President-elect Donald Trump, named Official Trump , reached an $8 billion market capitalization shortly after its launch on Solana.
- The token surged over 300% in value within three minutes of trading, with nearly $1 billion in trading volume, according to GeckoTerminal data.
- Cybersecurity experts raised concerns about the coin's authenticity, suggesting a potential hack, while analysts warned investors to stay cautious amid uncertainty.
- Despite questions about its origins, the token was verified and listed on Jupiter Exchange, emphasizing the importance of user awareness, according to Slorg.
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Leaning Left3Leaning Right1Center2Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 33%
R 17%
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