The President of the United States has launched a new memecoin on the Solana blockchain, marking a notable event in the cryptocurrency space. The launch occurred on a Friday night, generating significant attention and discussion regarding its implications for mass adoption of cryptocurrencies. As of the latest reports, the memecoin is valued at over $30 billion, indicating strong market interest. Despite the initial excitement, some observers noted that the circulating market cap remains below $10 billion. The launch has been described as a historic moment, with commentators highlighting the unusual nature of a sitting president engaging in cryptocurrency promotion.