[5][6] Its logo is a cartoon image of Trump raising his fist after surviving the attempted assassination in July 2024.

[6] The terms of the offering prohibit coin buyers from joining any class-action lawsuits against the project and assert indemnity against any claims.

[23][24] According to Fortune, "Less than three weeks after its release, President Donald Trump’s memecoin has produced more losers than winners.

[26] Some crypto executives and investors said Trump had undermined the credibility of the industry they had worked hard to build by selling coins known for their speculative nature and extreme volatility.

Some noted its similarity to a "rug pull," in which a coin is launched and quickly abandoned, leaving early investors with steep losses.

He added, "Now anyone in world can essentially deposit money into bank account of President of USA with a couple clicks.

"[33][30] Brendan Fischer, the deputy executive director at Documented, an investigative news outlet, said, "The timing of this launch cannot be a coincidence.

It comes just after Trump’s campaign ended, and just before he formally takes office and is fully subject to federal ethics rules.