Was Donald Trump Hacked?
Did Donald Trump really launch a meme coin called $Trump on the Solana chain? In a surprising turn of events, Donald Trump’s Twitter account posted a tweet just five hours ago announcing a new cryptocurrency called $Trump. This coin launched on the Solana blockchain and has an $11.33 billion dollar market cap, which is higher than LiteCoin! It has $367 million dollars in liquidity, which is really high for a meme coin. Was his account hacked? Probably. Are people already making money off this? Absolutely.
The trading volume on $Trump is something I haven’t seen on Solana since I jumped on BOME at launch last year. On the surface, this token screams red flags, but in the world of crypto, stranger things have happened.
So, what’s really going on here? Let’s find out. This could be a valuable learning lesson for anyone curious about spotting scams in crypto. I’ll walk you step-by-step through how I analyze tokens but always DYOR (Do Your Own Research) and trust no-one.
Rule #1: assume it’s a scam until proven otherwise. Let’s check it out.
Step 1: What Information Do We Have?
At first glance, we’ve got two key pieces of information: a website and a contract address. Let’s start with the website.
Red Flag #1: The site doesn’t even have an SSL certificate. That’s Internet Security 101, amateur hour.
Red Flag #2: The domain was registered on 12/21/24 and is set to expire this year. Not exactly a sign of long-term commitment. Quick domain setups are par for the course with scam coins.
Step 2: Checking $Trump on SolSniffer
Next, I ran the $Trump contract (6p6xgHyF7AeE6TZkSmFsko444wqoP15icUSqi2jfGiPN) through SolSniffer, a tool for analyzing Solana tokens. The result? A terrible 45/100 score. Here’s why:
- The Top 10 Wallets Hold Most of the Supply. One wallet alone controls a staggering 80% of the total supply. That’s suspiciously centralized for a token claiming to be public.
See for yourself on SolScan. - The Liquidity Pool Is Unlocked. This means the liquidity can be drained at any moment—a textbook setup for a rug pull.
Normally, at this point, I would also check the coin for bundles. But since it wasn’t a pump dot fun token, I couldn’t do this.
Are There Any Positives?
To be fair, $Trump isn’t entirely shady. The contract can’t be frozen, and no additional tokens can be minted. But these minor wins don’t outweigh the glaring red flags.
So, Is $Trump a Scam and Did He Get Hacked?
If $Trump didn’t have Donald Trump’s name attached from his official social media accounts, I wouldn’t go near it with a 10-foot pole. I honestly wouldn’t even give it a second glance. It has “rug pull” written all over it. But here’s the thing: this token was not only tweeted from Trump’s Twitter but also posted on his Truth Social account.
This raises serious questions:
- Did someone hack both his Twitter and Truth Social accounts?
- Was this an inside job by someone close to Donald Trump?
Either way, I’m eagerly awaiting an official statement. If Trump was hacked, it highlights major vulnerabilities in both our crypto ecosystem and national cybersecurity. If he makes a statement about being hacked or compromised you can bet this coin with dump faster than that Squid token did a few years ago.
Final Thoughts on $Trump
This isn’t financial advice, but here’s my take: I wouldn’t put more money into $Trump than I’d spend at a slot machine. If I had to bet, this is most likely the result of a hack, or even worse, someone in Trump’s circle taking advantage of him.
Stay tuned for updates on this story. In the meantime, let this be a reminder to approach every crypto project with skepticism.
Update: Over $30 million dollars in fees alone have been produced from the $Trump liquidity pools!
Update: It looks like $Trump is real and has been listed on most major exchanges. The president of the United States has indeed launched his own coin on the Solana chain! Well, I’d say this is a major win for crypto. This would have been unheard of years ago. We have a president that not only believes in crypto, but also puts his money where his mouth is.
