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What will be the outcome of the $TRUMP memecoin legitimacy concerns by March 31, 2025?
2
Resolution / Starting Odds
Legitimate • 25%
Confirmed Scam • 25%
Ongoing Investigation • 25%
No Conclusion • 25%
Official statements, news reports, or regulatory findings
Story
Trump's Truth Social Account Announces $TRUMP Memecoin on Solana Amid Hacking Concerns
Jan 18, 2025, 02:25 AM
Just days before his inauguration, President-elect Donald Trump's official Truth Social account announced the launch of a personal memecoin named $TRUMP on the Solana blockchain, directing users to a website with the domain 'gettrumpmemes' to obtain the token. The token experienced a meteoric rise, reaching approximately $1.7 billion in market capitalization with over $140 million in trading volume within an hour. However, there are concerns about the legitimacy of the announcement, as some suggest that Trump's account may have been compromised. Additionally, the top holder of the token reportedly controls 80% of the supply, raising questions about the token's authenticity and potential risks to investors.
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Similar markets
Officially disassociated by Trump • 25%
Confirmed legitimate • 25%
Confirmed illegitimate • 25%
Remains unresolved • 25%
Trading banned • 25%
No action taken • 25%
Fines imposed • 25%
Warning issued • 25%
Neutral • 25%
Negative • 25%
Mixed • 25%
Positive • 25%
No • 50%
Yes • 50%
Exceeds initial market value • 25%
Falls below initial market value • 25%
Maintains initial market value • 25%
Becomes obsolete or delisted • 25%
Below $1 Billion • 25%
Above $10 Billion • 25%
$1 Billion to $5 Billion • 25%
$5 Billion to $10 Billion • 25%
No • 50%
Yes • 50%
No action taken • 25%
Ban or trading restrictions • 25%
Fines or penalties imposed • 25%
Investigation launched • 25%