Fewer than 100 hours before he will be sworn in as the US President, Donald Trump sprang a big surprise on the evening of January 17, when his social media handles shared what appears to be an official Solana meme coin christened TRUMP. Meme coin traders are buying the coin in droves, pushing prices quickly.

According to reports, Degen traders began investing almost immediately. As a result of this frenzied buying, trading volume touched hundreds of millions of dollars. While some were buying it at jet speed, security experts and on-chain sleuths began combing the scenario for red flags. Reports also mentioned how some of the early cautionary signs were addressed and the........

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