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President-elect Donald Trump announced the launch of a Solana-based memecoin, TRUMP, ahead of his second-term inauguration. The token quickly gained attention, reaching a market capitalization of over $30 billion within hours. Controversy arose over token legitimacy and distribution, sparking divided reactions within the crypto community. Speculation emerged about the political and regulatory implications of the launch, highlighting the intersection of politics, meme culture, and crypto.
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