news 
Title: $TRUMP Coin Listed in Record Time – Did Crypto Exchanges Put Investors at Risk?
The recent listing of the $TRUMP coin by top crypto exchanges has raised concerns about investor safety. The coin, launched by former US President Donald Trump and his partners, was listed in a record-breaking 48 hours, bypassing usual review timelines. This rapid decision has sparked questions about whether the exchanges prioritized profit over investor protection.
The unprecedented listing speed is attributed to massive demand, with exchanges like Coinbase moving quickly due to the strong hype surrounding the coin. However, experts argue that this expedited process may have put investors at risk. In a typical scenario, crypto exchanges would thoroughly review a token’s security and legitimacy before allowing it to be traded on their platforms. The $TRUMP coin, however, was listed in record time, with some exchanges stating they did not skip any steps despite the accelerated timeline.
One of the primary concerns is the concentration of control. Initially, Trump and his partners controlled 80% of the total supply, giving them significant influence over the token’s price movement. This level of centralization raises red flags, as it allows a small group to manipulate the market by dumping large amounts of tokens, leading to a catastrophic crash like we saw with $TRUMP coin.
Moreover, this listing sets a concerning precedent for the crypto space. The SEC’s decision to pause or drop major cases tied to Trump family projects may have contributed to this rapid listing. It has also been observed that meme coins, such as the $TRUMP coin, are now treated differently by regulatory bodies. This shift in policy can potentially create an environment where exchanges prioritize profits over investor safety.
The lack of transparency and inadequate scrutiny has led many experts to warn about the potential for further harm to investors. The 48-hour listing timeline raises questions about whether these exchanges genuinely considered the risks associated with this coin before allowing it to be traded. This event should serve as a stark reminder that, despite the allure of fast returns, investor protection must remain paramount.
In conclusion, the $TRUMP coin’s record-breaking listing serves as a cautionary tale for the crypto industry. It highlights the need for more rigorous scrutiny and transparency in the listing process, particularly when high-risk tokens are involved.
Source: coinpedia.org
