Donald Trump‘s inauguration and the preceding meme coin launch have sent ripples through the crypto ecosystem, with his administration’s early signals sparking both optimism and scepticism within the industry.
What Happened: The latest episode of the Unchained podcast discussed this unexpected launch of TRUMP (CRYPTO: TRUMP) on Solana (CRYPTO: SOL).
Ram Ahluwalia, who attended Washington D.C.’s “Crypto Ball,” described the coin’s debut as “extremely well executed,” reaching a market cap of several billion dollars.
However, detractors have labeled the coin a “grift,” raising ethical concerns about intertwining politics with speculative financial products.
James Seyffart of Bloomberg noted, “While the Trump coin was a successful launch, it underscores the high-risk nature of …
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