Talk about a Friday night surprise. President-elect Donald Trump’s social media accounts shared what appears to be an official Solana meme coin called TRUMP, just three days before he’s set to be sworn in for his second term in the White House.

Degen traders bought in immediately, generating hundreds of millions of dollars’ worth of trading volume as on-chain sleuths and security experts hunted for red flags. But with Trump’s X and Truth Social posts still live after more than an hour, and some initial red flags cleared upon closer inspection, it appears that this is a legitimate Trump meme coin launch.

“My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW,” Trump’s official X account posted.

The launch was immediately met with excitement, confusion, and plenty of skepticism. That’s because the project had all the familiar hallmarks of many celebrity meme coin scams that have launched over the last year, with a public figure’s social media account hijacked to promote a pump-and-dump scam.

The Truth Social post went out first, but once the X post followed on his official account, concerns began to subside. Also, the coin has mostly only pumped so far, with no dump as

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Author: Andrew Hayward