Trump’s Memecoin Madness: Shaking Up the Crypto Market

January 19, 2025
3 min
Innerly Team
Trump's memecoin surge shakes the crypto market, raising concerns about centralized ownership, market manipulation, and investor trust.

The $TRUMP memecoin just exploded and shook the crypto market like a snow globe. Seriously, it skyrocketed by almost 490% in less than a day. Analysts are saying that if this were real money to crypto, it could have quintupled Trump’s personal fortune.

The $TRUMP Memecoin Surge

This whole thing started on the Solana blockchain, which is already a bit suspect. The announcement went live on Truth Social and X, and within 24 hours, it generated almost $10 billion in transactions. In just three hours, the market cap hit $8 billion. That’s top 30 crypto material right there, folks. Then it settled around $5.7 billion, with a fully diluted value of $28.5 billion.

And it didn’t stop there. The SOL token also got a jolt, jumping 16% from $220 to $260 in a matter of hours thanks to new investors flooding in. Other Solana players like Raydium and Jupiter also benefited from this memecoin madness.

Market Reactions and Concerns

The market response was immediate, and let's be real—overwhelmingly positive. With all that crypto money flying around, who wouldn't want to get in on the action? But with that hype came volatility. Some saw insane profits, while others... well, I hope you had a stop-loss in place.

But there's a catch. The $TRUMP token's ownership is highly centralized. According to Arkham Intelligence, 80% of the tokens are owned by two entities tied to Trump. That’s $22.4 billion for a guy who’s already got billions. Sounds like a recipe for market manipulation, right?

The Ethical Dilemma

Now, let’s talk ethics. If a political figure like Trump can launch a memecoin, what’s to stop others from following suit? This could open up a whole new realm of digital currency investment. The SEC might even start treating these tokens differently under a Trump administration.

But wait, there’s more. The SEC is pushing for transparency and better market surveillance to prevent manipulation. Because apparently, that’s a thing now.

The Takeaway

So what’s the takeaway here? Social media is a powerful beast. If you’re looking at high-growth crypto tokens, keep your eyes on the community buzz. Be prepared for volatility. And good luck figuring out the ethical implications of investing in politically charged tokens.

At the end of the day, the $TRUMP memecoin saga just shows how wild the crypto market can be.

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Innerly Team
Disclaimer

Quadratic Accelerator is a DeFi-native token accelerator that helps projects launch their token economies. These articles are intended for informational and educational purposes only and should not be construed as investment advice. Innerly is a news aggregation partner for the content presented here.