Donald Trump’s $TRUMP memecoin launch on Solana has taken the crypto world by storm, becoming the hottest topic on several social media platforms. In just two hours of its launch, the coin surged over 4,200%, reaching a jaw-dropping $7.7 billion market cap.
The sudden launch, combined with its massive growth, has sparked debates, confusion, and FOMO across social media.
Here’s how Twitter users reacted:
@krassenstein described it as disgusting, especially given that 80% of the token supply goes to The Trump Organization and Fight Fight Fight LLC. The post was focused on the lack of transparency and it provoked discussions concerning ethics and control.
However, @KobeissiLetter said it was beyond insane, the memecoin had risen over 4,200% in two hours, with a $7.7 billion market cap. The rather low profile launch on a Friday night left many people wondering, “What is going on?”
In the case of @rasmr_eth, he noted that the coin missed the chance to go up to the roof, jokingly asking, “What were we all doing for 22 minutes?” as $TRUMP reached $1 billion in record time.
Likewise, @orangie complained about FOMO saying, “Trump launched a memecoin and I wasn’t home.” What do we think? Do I ape here?”
Lastly, @EasyEatsBodega captured the entire situation in one tweet saying that it is either the greatest hack of all time or this cycle is just ridiculous. The tweet was a perfect representation of the disbelief and curiosity that people had about the coin and its meteoric rise.
@vohvohh was surprised by such an assessment and stressed that the website of the coin clearly states that it is not a security, but art and an ideology. The legal disclaimer made people wonder about the goal of the project in general.
Trump’s memecoin has turned into both a cultural phenomenon and a polarizing topic, leaving the crypto community divided on whether it’s genius or gimmick.
Also Read: Trump Launches ‘TRUMP’ Meme Coin, Trader Makes $20M in 1 Hour
