#Trump Coin: 80% Self-Held#
Hot Topic Overview
Overview
Donald Trump released a cryptocurrency called "TRUMP" shortly before his inauguration, sparking widespread attention. According to Nick Tomaino, founder of 1confirmation, Trump owns 80% of the coin and launched it just hours before his inauguration. Tomaino believes this is "predatory" and could hurt many people, suggesting that Trump should airdrop the tokens to the public rather than using it to profit himself or his team. He compared the token to the FTX token and said its ultimate impact depends on Trump and his team's subsequent actions. If they are simply looking to make money, the token may quickly lose value, but if they use it for "good things," such as airdropping it to supporters, it could become a big thing.
Ace Hot Topic Analysis
Analysis
1confirmation founder Nick Tomaino expressed concern over Trump's launch of TRUMP coin, arguing that Trump owning 80% of the TRUMP coin supply and launching it hours before his inauguration is predatory and could hurt many people. He believes Trump should have airdropped it to the public instead of using it to enrich himself or his team. Currently, TRUMP coin looks like an FTX token, its scale depends on how Trump and his team handle it. If they are just in it for the money, it will likely be short-lived like NFTs. But if they focus on the token and use it for good, like airdropping it to MAGA supporters, it will be a big deal.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump owns 80% of the TRUMP coin stake, launched hours before his inauguration, which is predatory and many people could get hurt by it.
Trump should airdrop to the people, not use this to enrich himself or his team.
The scale of the TRUMP coin depends on how Trump and his team treat it moving forward.
If it's just a cash grab and they don't do much after launch, then it's no big deal (just like NFTs).