Donald Trump's New Memecoin: Opportunity or Reckless Gamble?

Donald Trump has finally entered the world of cryptocurrency with a new memecoin based on Solana called “Official Trump” ($TRUMP). This currency has created a wave with a strong price increase at launch and achieved a market value of $4 billion. Some people are excited about this, while others are skeptical, thinking that this is just another "pump and dump" scheme. In summary, this is a plan where the price skyrockets and then drops sharply. The question here is, will memecoin $TRUMP become a buy on rumors, sell on news type? One of the important things to know about $TRUMP is that 80% of the coin's total supply, or about 1 billion coins, is locked up and will gradually be unlocked over the next three years That only leaves 200 million tokens currently available for trading. However, the market capitalization of this particular currency has skyrocketed to over $4 billion. With a trading volume of $3 billion and a sudden price surge, traders are keeping an eye on this memecoin as it was launched just 2 days before Trump's inauguration. Many are concerned about whether the hype will continue or decrease after this event. Cryptocurrency experts are concerned that $TRUMP could drop in price at any time. This prediction is based on how other political memecoins, such as PolitiFi, have lost about 60% of their value during the election season. And now, with the inauguration just 2 days away, traders are worried that the $TRUMP token will be no different. Trump has shown interest in cryptocurrencies several times in the past. He is a strong supporter of cryptocurrencies, launching multiple NFT collections from 2022 to 2024. Additionally, he also supports a DeFi platform called World Liberty Financial ($WLFI). A famous software engineer nicknamed 'Cygaar' on X with over 117,000 followers has pointed out that the $TRUMP website has many similarities to the websites used to promote Trump's NFTs. This currency is linked to CIC Digital, which is also a company involved in licensing Trump's NFTs. With all the strength surrounding $TRUMP, it's hard to say whether this currency will rise or fall in the coming months. Traders will have to decide if they are willing to take the risk or not.