I don't think Trump will rugpull it. That's his brand and would not be a good look for him if it crashes and dumps. He controls the majority of the supply and will probably just sit on it. They might sell off small amounts here and there.
I think let's wait and see if Trump will really be good for crypto. He can have his $TRUMP so long as his policies help all the other major crypto projects. I want to see all crypto projects benefit - not just one or two.
Dude - its an inherent rug pull simply in the way it is structured and launched. They own the bulk of the coins, put a tiny bit of total supply on the market, a day before new president is inaugurated, forcing price way up on constrained liquidity. They take their gains from investors and put these into BTC, leaving idiots and fools holding the bag. No different to the Hawk Tuah girl coin. And now the Melania coin.
These idiots are no better than shitcoiners who don't realized that wealth is finite and so can be infinitely diluted into an infinite number of shitcoins. Only they are on the issuing side, which is "smart" in that it makes money for the issuer, but its highly unethical.
And even the shitcoiners who think the new SEC head may be good for shitcoins better be careful what they wish for. Gensler helped constrain shitcoin supply. It may now be an absolute free-for-all, leading to an absolute shotcoin bloodbath. And so, again, lessons will be learned...
