$TRUMP Trump Coin (TRUMP) is a personal Meme coin announced by Trump on January 18, 2025, via a post on his social media account. Here are the details:
Issuance Background
On January 18, 2025, Trump suddenly posted on his personal account on the social media platform Truth Social, announcing the launch of a personal Meme token named TRUMP. Meme coins are a type of digital currency based on internet meme culture, usually inspired by internet slang, emoticons, or celebrities, and issued using blockchain technology.
Issuance Details
• Issuance Team: The official website of the TRUMP coin indicates that 80% of the token's supply is jointly held by Trump's company CIC Digital and an entity named "Fight Fight Fight."
• Token Quantity: Currently, there are 200 million tokens available for trading, with an expected circulation increase to 1 billion tokens over the next three years.
Market Performance
• Price Trend: The opening price was $0.1824, and after launching, the price quickly surged, exceeding a market capitalization of $1 billion within half an hour. In just 12 hours, the price increased by over 15,000%, reaching around $30, peaking at $75.35 (total increase of over 41,200%), with market capitalization approaching $80 billion at one point.
• Market Capitalization Ranking: By January 19, 2025, its market capitalization reached $7.5 billion, with trading volume increasing by 1200% in the past 24 hours. On January 20, 2025, the market capitalization peaked at $80 billion, making it the 24th largest cryptocurrency by value globally.
Trading Situation
Trump Coin is primarily traded on exchanges such as MEXC, CoiEX, XT.COM, and LBank. Its price is extremely volatile, posing a high speculative risk.
Related Controversies
• Conflict of Interest Concerns: As the President of the United States, Trump's issuance of a personal cryptocurrency has raised questions about potential conflicts of interest.
• Price Manipulation Concerns: Since the price of Trump Coin largely relies on investors' "beliefs," its price fluctuations can be extremely volatile, leading to concerns about potential price manipulation.
Related Events
On May 22, 2025, Trump plans to invite the top 220 holders of TRUMP tokens to a dinner at the Trump National Golf Club in Washington, D.C. The top 25 token holders will also enjoy a private VIP reception before the dinner and participate in a special VIP tour of the White House the following day. Following the announcement, the price of TRUMP tokens surged significantly.
