Market News

Solana Seizes Nigeria’s Attention with $PRESIDENT Memecoin Launch by Political Candidate

Rabiu Musa Kwankwaso, a prominent Nigerian political figure, has launched a new memecoin called $PRESIDENT on the Solana blockchain.

This unexpected initiative has not received much media coverage, relying primarily on a verified link from Kwankwaso's official Twitter account for credibility.

The $PRESIDENT token is trading on pump.fun, a popular platform for launching grassroots memecoins, indicating early interest despite the low market cap of under $50,000.

Its strategic roadmap includes significant milestones, such as an official announcement at a $10 million market cap and plans to introduce an AI tool for improving lives at $100 million.

At $250 million, the token aims for listings on major centralized exchanges, with a P2P platform launch planned at $500 million, showcasing an ambitious vision.

Kwankwaso's move is particularly notable as he becomes the first Nigerian political figure to launch a crypto project, contrasting with a broader trend of governmental resistance in the region.

For many Nigerians, $PRESIDENT represents an opportunity for financial empowerment and an invitation to invest early before potential price surges.

As interest grows, the window for early adoption may soon close, necessitating swift action from those wanting to be part of this “New Nigeria.”

The project emphasizes transparency, starting with only 5% of the total supply minted for the team, promoting a fair trading environment.

As Kwankwaso seeks to embrace blockchain technology, the launch of $PRESIDENT could spark a renewed interest in crypto investments in Nigeria.