Crypto & Blockchain Daily Brief Sunday, April 20, 2025

The article discusses the launch of a new meme cryptocurrency called TrumpCoin, inspired by former President Donald Trump. The coin's website claims that it is a decentralized community project and aims to "Make Crypto Great Again." However, the launch of TrumpCoin has been met with skepticism and concerns about the legitimacy of the project. One major issue highlighted in the article is the lack of transparency surrounding the distribution of TrumpCoin. The coin's smart contract includes a feature that allows the project team to lock up a large portion of the total supply, with no clear explanation of when or how these locked tokens will be released. This has raised concerns about the potential for the team to manipulate the market and dump their tokens on unsuspecting investors. Additionally, the article points out that the project's Telegram group has been filled with messages from sellers looking to unload their TrumpCoin tokens, indicating a lack of interest and confidence in the project. Despite these warning signs, the coin's price has surged in the days following its launch, driven by hype and speculation. In conclusion, the article warns readers to approach TrumpCoin with caution and advises against investing in the project until more information is available about the team's intentions and the distribution of the token supply. It emphasizes the importance of conducting thorough research and due diligence before investing in any cryptocurrency project, especially one with questionable transparency and credibility like TrumpCoin.