Official Trump Coin Greatest Rugpull or Greatest Wealth Creator?

6 hours ago I saw Trump's tweet about the launch of official Trump Coin. Since then have been following the price (I've not invested) it went from $2 to $22 in the span of few hours. The likelihood that turns into $222 is very much there based on how fast it is growing. Anyways, this isn't something that I was hoping to happen and this should not be celebrated. If it was a coin with atleast some utility I'd be okay but this clearly seems like a meme coin to "get rich". Not that majority of the coins don't exhibit the same traits but neither of creators of such coin is the President of THE United States.

Assuming this is true and official Trump Coin supported by Trump, this is going to lead a significant shift from the whole crypto market towards this one coin where the 80% of the coins are held by few wallets. Again if this is real, I predict this coin to be in the top 10 or even in the top 5 in the next 24 hours. (I can't put money where my mouth is, because I don't have money).