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1confirmation founder: Trump's launch coin shortly before the inauguration is "predatory" and may harm many people
Nick Tomaino, founder of 1confirmation, commented on Trump's coins: "The change in atmosphere from the Biden anti-crypto era to the Trump era has been great. But Trump's 80% share of TRUMP and its launch shortly before the inauguration is predatory and many could be hurt by it. At the moment it looks like an FTX Token. It's not as important as some say it will pass soon. The size of TRUMP depends entirely on how Trump and his team handle it in the future. There is a high possibility. If it's just for making money, they won't do much after it's released, so it's not a big deal (just like NFT). If they focus on the Token and use it for good things (like airdropping it to MAGA, etc.), then it's a big deal.
> new SEC/DOJ guarantees no prosecution
> 80% of tokens vest to insiders DURING the presidency
> most ppl losing money will be MAGA who aren't crypto native