Former Coinbase executive Balaji Srinivasan suggests airdropping Donald Trump’s newly launched official memecoin to supporters.
Airdrop Recommendation
Srinivasan told his followers on social media platform X that Trump has a strong incentive to legalize cryptocurrency in the most aggressive way possible.
However, he argues that there is a “compatibility problem” with the new TRUMP coin. To solve the compliance problem, Srinivasan suggests that Trump airdrop the TRUMP token to every US citizen or use his personal email list to offer free TRUMP to his supporters.
“Airdropping would mean a new social contract between the president and the citizens.” – Balaji Srinivasan
TRUMP is trading at $34.98 at the time of writing, ranking 30th in terms of market cap. Although it lost more than 30% in value in the last 24 hours, it has increased by 434% since its launch price on Friday. Whether the TRUMP coin will be successful or not will depend on market fluctuations and Trump’s willingness to implement the proposed strategy.
Although the airdrop method is a common distribution method within the cryptocurrency community, it also needs to be carefully evaluated in terms of public policies and domestic use.
Such innovative approaches could spark new discussions on how cryptocurrencies can be integrated in public administration.
Cryptocurrencies Latest Status
Trump still has not issued the expected decrees regarding cryptocurrencies. Moreover, he did not make any statements about cryptocurrencies. Everyone is waiting for Trump’s first statement on cryptocurrencies after becoming President. So beyond the weekend meme coin launch, Bitcoin 
$102,590.7 A clear road map can be drawn regarding the reserves and the steps to be taken for more. Moreover, it has been claimed for a long time that Trump and his team were preparing for the steps he would take regarding crypto.
The future of TRUMP coin continues to be shaped by the number of supporters and market movements.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
