Crypto merchants are debating whether or not Donald Trump’s social media passwords have been cracked, because the President-elect’s accounts tout the launch of his “official” memecoin.
The memecoin launch announcement hit Trump’s social media platform Fact Social first, and was posted on X shortly thereafter.
The brand new coin is constructed on the Solana community, and has already tapped a $2.95 billion market cap, in keeping with CoinGecko.
The coin’s web site is attributed to CIC Digital LLC, which is identical crew Trump used to launch his official NFT initiatives. A complete of 80% of the cash are at the moment locked, and can be launched over a number of years.
Trump has promised to help crypto innovation and adoption, in addition to set up a nationwide Bitcoin reserve.
Odds on the Bitcoin reserve occurring within the first 100 days of Trump’s administration stand at 42% on Polymarket at time of publishing.
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