Aside from the upcoming inauguration, which is scheduled to take place on January 20, Donald J. Trump managed to capture the crypto community’s attention via a very surprising and extraordinary move made on Friday evening.

The meme coin that he and his team launched and promoted has skyrocketed in a spectacular fashion, becoming the second-largest in its field. Is that good or bad for the overall meme coin landscape and crypto as a whole?

The Bad

It has been less than two full days, but Official Trump, going under the ticker TRUMP, has become a top 20 altcoin on CoinGecko and CoinMarketCap and is even close to cracking into the top 10 on the latter. Its market capitalization has shot up to nearly $15 billion on CMC,…