The launch of President-elect Donald Trump’s TRUMP memecoin on the Solana blockchain marks a significant shift in U.S. crypto regulation. The token’s market cap soared to $73 billion, making it one of the most successful token launches ever. However, it experienced a 40% drop when Melania Trump introduced her own MELANIA memecoin. This event signals to crypto developers in the U.S. that token launches are now encouraged, despite previous regulatory crackdowns. The TRUMP token, with 80% of its supply held by CIC Digital, an entity owned by Donald Trump Revocable Trust, will be listed on major exchanges like Coinbase and Binance. The longevity of the TRUMP memecoin depends on its token design to ensure it’s less extractive.
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