I can't make heads or tails out of this. On one hand it seems brilliant to launch something like this during the first ever crypto ball. Why not? On the other hand there are some massive red flags that can't be ignored.

The number one holder owns 80% of the supply. The next three top holders are wallets linked to the number one holder. Therefore the creator controls ~86% of the supply, at a minimum. Hawk tuah coin wasn't nearly as concentrated, not even close.

Furthermore I've seen a lot of evidence suggesting that Trump holds a lot of ETH, but have never seen anything linking him to owning Solana. Seems quite odd that he would launch his official meme coin on Solana...

This thing has gone from a $100K mc to a $7B mc in

two hours without a single red 15 minute candle. Would love to be a buyer but there are too many red flags.