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Launch of Trump Solana meme token marred by conflicts of interest and nepotism allegations

Allegations have emerged regarding conflicts of interest involving the TRUMP token’s launch on Solana. Daniel Prince claims that David Sacks, associated with Backers of Solana through Craft Ventures, could lead to insider benefits, raising questions about the motivations behind the token.

The TRUMP token quickly gained traction, becoming the 21st largest cryptocurrency with over 44 billion trading volume reported in 24 hours. However, key figures express concerns that its launch may harm the crypto industry’s reputation.

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