Over the weekend, US President-elect Donald Trump made headlines in the cryptocurrency space with an unexpected move. Trump officially announced the launch of the TRUMP memecoin on the Solana blockchain, a decision that caught many by surprise.
This launch initiated a whirlwind of activity in the crypto market, resulting in a multi-billion dollar frenzy over just three days. Despite the significant trading volume and attention, the move sparked considerable backlash within the crypto community.
The TRUMP token frenzy marks a new chapter in the era of memecoins, as influential figures continue to impact market dynamics.