Crypto traders are debating whether Donald Trump’s social media passwords have been cracked, as the President-elect’s accounts tout the launch of his “official” memecoin.
The memecoin launch announcement hit Trump’s social media platform Truth Social first, and was posted on X shortly thereafter.
The new coin is built on the Solana network, and has already tapped a $2.95 billion market cap, according to CoinGecko.
The coin’s website is attributed to CIC Digital LLC, which is the same team Trump used to launch his official NFT projects. A total of 80% of the coins are currently locked, and will be released over several years.
Trump has promised to support crypto innovation and adoption, as well as establish a national Bitcoin reserve.
Odds on the Bitcoin reserve happening in the first 100 days of Trump’s administration stand at 42% on Polymarket at time of publishing.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: DALLE-2
