Trump’s official X account promotes new memecoin TRUMP, raising concerns about potential hacking and rug pulls

U.S. President-elect Donald Trump promoted his official memecoin, TRUMP, on his X account, sharing a purchase link previously posted on his Truth Social account. The posts on both platforms have raised concerns within the community that Trump's social media accounts may have been hacked. Reports suggest the memecoin issuer may have sold off holdings amid significant price fluctuations, while fears of a hacker-led rug pull persist, prompting warnings for investors.