From piperalderman.com.au: Donald Trump launched the $TRUMP token, a memecoin on the Solana blockchain, aiming to commemorate his legacy, while concerns about market manipulation and regulatory scrutiny arise due to its tokenomics, which show a significant insider allocation.

The $TRUMP token peaked at over $70 before stabilizing around $25, attracting attention for its speculative nature amidst controversies surrounding its lack of stated utility.

Simultaneously, Robinhood CEO Vlad Tenev advocates for tokenizing private-market investments to increase access for retail investors, suggesting regulatory changes to foster this development in the U.S. financial landscape.