Former Coinbase executive Balaji Srinivasan has suggested that supporters of Donald Trump’s newly launched official meme coin should receive an airdrop. In a recent statement on the social media platform X, Srinivasan highlighted Trump’s strong motivation to aggressively legalize cryptocurrency.
Airdrop Proposal
Srinivasan pointed out a potential compliance issue related to the new TRUMP coin. He proposed that to address this compliance challenge, Trump could airdrop TRUMP tokens to every U.S. citizen or utilize his personal email list to give away free TRUMP coins to his supporters.
“Airdropping signifies a new social contract between the president and citizens.” – Balaji Srinivasan
As of the time of writing, TRUMP is trading at $34.98, ranking 30th in market capitalization. Despite experiencing over a 30% decline in value in the past 24 hours, it has risen by 434% since its launch on Friday. The success of the TRUMP coin will depend on market fluctuations and Trump’s willingness to implement the proposed strategy.
Current State of Cryptocurrencies
Trump has yet to publish any anticipated executive orders regarding cryptocurrencies, nor has he made any related announcements. The public is waiting for Trump’s first comments on cryptocurrencies after he assumes the presidency, which could provide a clear roadmap for not just meme coin launches but also Bitcoin 
$82,982 reserves and further actions. It has been suggested that Trump has been preparing for his cryptocurrency-related steps with his team for some time.
The future of the TRUMP coin continues to shape up based on the number of supporters and market movements.
