Ex-Coinbase exec suggests $100 $TRUMP airdrop for every U.S. citizen

Former CTO of Coinbase, Balaji Srinivasan, believes Donald Trump should airdrop $TRUMP tokens to every U.S. citizen via mailing list after one-third of the American public bought his official meme coin

In a recent post, Srinivasan dubbed Donald Trump as the “first crypto president” after the smashing success of the president elect’s meme coin launch, $TRUMP (TRUMP).

He stated how the president elect’s net worth is now dominated by cryptocurrency holdings, growing from a measly 1% to more than 90%.

“Overnight, the vast majority of the net worth ($59 billion) of the next President of the United States is now held in cryptocurrency. This will hold true even with a 90% drop,” wrote Srinivasan.

Although he sees this as a major win for the crypto industry and the beginning of the end for traditional fiat, he believes there is now an “alignment issue,” specifically in the case Trump’s recent token launch.

“You would ideally want the President to be aligned with his citizens, such that they all held [for examples] USA coin, which gave some dividend from the profits of the USA. Kind of like the Alaska Permanent Fund,” he said.

In order to solve this issue, he suggested Trump should airdrop some $TRUMP tokens to every U.S. citizen. He believes the feat could be done using a mailing list that people would need to sign up for to receive a share of the airdrop tokens.

Starting with his supporters, Srinivasan said Trump could s send $100 worth of “locked up” $TRUMP coins to around 77 million Trump voters through an airdrop that is likely to “only” cost him $7.7 billion in $TRUMP tokens. He added Trump could even send out $500 worth of TRUMP tokens per person and still have around $20 billion to spare.

At the time of writing, $TRUMP has gone down by nearly 10% in the past 24 hours. The official Donald Trump-inspired meme coin is currently valued at $52.47, according to data from crypto.news. The token’s market cap stands at $10.3 billion, ranking in 21st place on the crypto leader board.

Is $TRUMP enough to tempt the American public?

Aside from rewarding his loyal supporters, Srinivasan also said the massive airdrop could become an opportunity to tempt Democrats into switching sides and supporting Trump in his presidency.

“He could give 72 hours notice and all kinds of Democrats would also sign up for his personal email list, just to get the airdrop,” said Srinivasan.

According to data from a recent survey conducted by NFTEvening and Storible, as many as one of seven American citizens purchased the $TRUMP meme coin on launch day. Around 42% of those who bought $TRUMP or MELANIA admitted to being first-time crypto buyers.

However, more than half of Americans are still skeptical of $TRUMP coins, believing them to be a scam or as a harmful influence towards the crypto market.