TrumpCoin's impact on market sentiment is a mixed bag. Launched in January 2025, it surged to a $14.5 billion market cap, fueled by hype around Donald Trump’s endorsement. This sparked FOMO among retail traders, briefly boosting optimism in meme coins and Solana-based assets. However, its sharp decline—down two-thirds from its peak—has sown doubt, with critics calling it a speculative cash grab. Social media buzz on X shows bearish vibes dominating, citing volatility and manipulation fears tied to Trump's influence. While it onboarded new crypto users and lifted Solana’s visibility, the coin’s centralized tokenomics and reliance on political sentiment have dampened long-term confidence. Overall, TrumpCoin has polarized sentiment—igniting short-term excitement but leaving lingering skepticism in the broader market.