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The Untold Winners of the Trump Memecoin Frenzy
When US president Donald Trump launched his own cryptocurrency, he sparked a trading frenzy. A constellation of little-known crypto platforms quietly profited.
Once people are equipped with a Solana wallet, the theory goes, they are more likely to engage with Solana-based applications of all kinds—whether social platforms, games or music services—leading to a lasting increase in network activity. The industry has long complained about the absence of any explicit rules governing the issuance of new coins in the US; given that it has the president’s imprimatur, the TRUMP launch might be interpreted as tacit permission. But for an industry that has long struggled to move past the stains on its reputation, Tom says, the immediate sugar high created by the TRUMP launch may not prove to be worth the negative attention the coin attracts for any losses incurred by regular investors.
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