Trump launches official memecoin and divides the crypto community

The surprise promotion of a memecoin on Donald Trump’s social networks is sowing doubt in the crypto industry. As the TRUMP token reaches a capitalization of $8.3 billion in a few hours, experts question the authenticity of the publications and the implications for the market.

An unexpected launch that raises questions

This Saturday, January 18, Donald Trump’s official accounts on X and Truth Social created a surprise by announcing the launch of a “new official meme” on the Solana blockchain. “It’s time to celebrate everything we stand for: VICTORY! »declared the message, inviting the community to obtain the TRUMP token.

The impact was immediate: in just three hours, the TRUMP token exploded to reach a market capitalization of $8.3 billion, with a price of $8.41 according to the Moonshot trading platform.

This sudden announcement quickly aroused suspicion in the crypto industry. Several industry experts have expressed doubts about the authenticity of the publications, suggesting a possible compromise of the future ex-president’s accounts.

Max Schwartman, CEO of BecauseBitcoin, notably warned of the potential consequences: “If this is a hack, it will seriously dampen Trump’s optimism towards crypto just as he takes office. »

Skepticism was also evident at noted industry analyst JRNY Crypto, who publicly questioned the lack of official validation by Trump’s team beyond simple social media posts.

The announcement immediately shook the crypto market, with a particularly marked impact on the Solana ecosystem. The price of SOL soared 4.12% to reach $228, driven by the massive influx of investors attracted by this controversial new project.

Analyst Will Clemente reports an unprecedented situation on the Solana blockchain: “ I’ve never seen anything like this, Solana’s price is soaring while everything on the chain is crashing, with investors panicking and selling out of fear of missing out on Trump’s memecoin. »

Edward Morra, experienced trader, warns of the risks ahead: “ This will end badly one way or another and lead to a general market sell-off as the inauguration approaches.«

Even observers convinced of the authenticity of the project maintain a cautious position. Daniel Got Hits, followed by nearly 62,000 subscribers on ain’t gonna touch that thing with a ten foot pole« .

In short, this agitation comes a few days before the presidential inauguration of Donald Trump, in a context where speculation is circulating about a possible decree making crypto a national priority.