Donald Trump’s Solana-based memecoin, launched on January 17, has already reached a market cap of $26.7 billion at the time of publication. However, industry experts remain uncertain about its long-term impact on the crypto industry.

Some experts believe that the release of Trump Memecoin could lead to increased scrutiny from regulatory bodies, as they attempt to understand and potentially control the proliferation of meme-inspired cryptocurrencies. This could result in stricter regulations on the issuance and trading of such coins.