Donald Trump has launched a new memecoin called Official Trump ($TRUMP) on the Solana blockchain. While the token has seen a 185% price spike and has a $4 billion valuation, marketers remain skeptical about its long-term value and speculate that it may be a pump-and-dump situation. The token has 80% of its tokens locked and will gradually unlock over three years. There are concerns about the similarities between the TRUMP token's website and Trump's previous NFT website. Trump's involvement in the crypto industry and an upcoming executive order on crypto have also sparked interest and speculation.



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