$TRUMP
TRUMP Coin Overview
Current Price: ~$13.16 USD
24-Hour Change: -9.97%
Trading Volume (24h): ~$1.13 billion
Circulating Supply: 200 million tokens
Rank: Among the top 40 cryptocurrencies by market cap
Recent Price Surge
The $TRUMP meme coin (also called "OFFICIAL TRUMP") recently jumped more than 50% in value. This spike happened after Donald Trump announced a private dinner for the top 220 token holders, with extra perks for the top 25. The news added around $100 million to the coin’s market value.
Controversies and Concerns
Despite the hype, there are serious concerns around $TRUMP:
Team Token Dump: Reports suggest the project team sold off nearly $20 million worth of tokens just before the dinner announcement. This has raised red flags about possible insider trading.
Ethical Questions: Critics argue that the dinner is a "pay-to-play" event, giving special access to the former president based on how many tokens someone owns.
Price Volatility: The coin is still very unstable. It’s currently trading more than 80% below its all-time high of around $74.27 (reached in January 2025).
Outlook and Caution
While $TRUMP has drawn attention thanks to its connection to Donald Trump and flashy promotions, its future is unclear. The coin is highly volatile, surrounded by ethical concerns, and doesn’t offer real-world utility. Investors should be careful.