On January 18, 2025, elected President Donald Trump announced the launch of his personal meme coin TRUMP on his social media platform Truth Social. This move not only triggered violent fluctuations in the cryptocurrency market but also blurred the boundaries between politics and finance like never before. Here is a comprehensive analysis based on multiple sources:
I. Issuance background and market performance: From 'Shitcoin' to a market value of billions
1. Issuance mechanism and distribution controversies
The total supply of TRUMP tokens is 1 billion, with 80% held by Trump's affiliated companies CIC Digital LLC and Fight Fight Fight LLC, which plan to gradually unlock the tokens over the next three years. This highly concentrated token distribution model has raised market concerns about 'insider manipulation' and 'covert corruption'. For example, on-chain data shows a connection between token owner addresses and cryptocurrency scam calls, and family members of Trump subsequently launched fork coins (such as Melania Coin) to further divert market funds.