The cryptocurrency was unveiled on Trump’s social media platform, Truth Social, just before his inauguration. This timing has drawn criticism, as many perceive it as a potentially exploitative venture tied to his presidency. Only 200 million tokens have been initially issued, with plans for an additional 800 million to follow in the coming years. Despite the hype, critics caution that meme coins often lack substantial value and can lead to significant losses for latecomers to the market.

Many supporters view Trump’s presidency as a possible turning point for the cryptocurrency landscape, contrasting his approach with the previous administration's regulatory scrutiny. While Trump's history with crypto has been mixed, he has previously suggested that America can lead in the sector upon his return to office. As the market reacts, investors and analysts alike remain cautious, monitoring both the ethical implications and economic potential of this bold new venture.