Crypto Surge: Donald Trump's $TRUMP meme coin was launched on Solana yesterday, experiencing a remarkable 4,200% surge in value. This surge led to a significant increase in market capitalization, reaching $7.7 billion and raising concerns about its legitimacy.
Market Impact: The rapid ascent of the $TRUMP coin is influencing investor behavior, fueling discussions within the cryptocurrency community about its authenticity and the potential for scams.