#Trump launches TRUMP coin#
Hot Topic Overview
Overview
Former US President Donald Trump has launched a cryptocurrency called TRUMP, sparking heated debate. The coin was released by a bigwig from the 2017 Bitcoin forum, who claims that Trump owns 80% of the coin and launched it hours before his inauguration. Nick Tomaino, founder of 1confirmation, believes this move is predatory and could hurt many people, urging Trump to airdrop the coin to the public instead of using it to enrich himself or his team. Currently, the launch of the coin is considered similar to the FTX token, with potential risks.
Ace Hot Topic Analysis
Analysis
The launch of TRUMP coin by Donald Trump has sparked widespread controversy. The coin was released by a person claiming to be a 2017 Bitcoin forum bigwig, who asserted that all coins were given to Trump, eliminating the risk of sales by a development team. However, Nick Tomaino, founder of 1confirmation, expressed skepticism, arguing that Trump holds an 80% share in TRUMP coin and its launch just hours before his inauguration constitutes predatory behavior that could harm many. Tomaino believes Trump should have airdropped the coins to the public instead of using it for personal or team enrichment. Currently, the coin's operation resembles that of the FTX token, raising concerns about the project's authenticity and credibility.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
The launch of TRUMP coin is predatory because Trump owns 80% of it and launched it hours before his inauguration, which could hurt many people.
Trump should airdrop TRUMP coins to the people, instead of using it to enrich himself or his team.
The launch of TRUMP coin signals a shift in atmosphere from the Biden anti-crypto era to the Trump era.
The launch of TRUMP coin is similar to FTX token.