A President’s Cryptocurrency Explained Simply
What Is Trump Coin?
Trump Coin, also called $TRUMP , is a type of digital money (cryptocurrency) made by Donald Trump in January 2025, just before he became President again. 🧑💼💰 It runs on the Solana blockchain and was promoted as the “only official Trump meme coin.”
How It Started
Trump Coin was launched on January 17, 2025. 📅 Out of 1 billion coins, 200 million were sold to the public, and the rest were kept by Trump’s companies. 🏢💼 In just two days, it became super popular and reached $64 per coin, with a total market value of nearly $13 billion. 🚀📈
Who Owns Most of the Coins?
Most of the coins are still owned by Trump’s companies. 🏦 They plan to release them slowly over three years. This made some people worry that the coin’s price could be easily controlled. ⚠️
Is It Legal or Ethical?
Some experts believe $TRUMP $making money from the coin while being President might break U.S. rules. ⚖️📜 The Constitution says officials shouldn’t use their position to get rich. The coin also has legal warnings that make it hard to sue the creators. ❌⚠️
Did People Make or Lose Money?
At first, some people made money. 💵 But later, the price dropped to about $13. 📉 A report said over 800,000 people lost around $2 billion, while Trump’s team earned nearly $100 million. 😟💸
Special Offers for Investors
Trump said the top 220 coin holders would get invited to a private dinner. 🍽️ The top 25 investors would get extra perks. 🎁 This made the price go up for a short time, but people started asking if it was fair. 🤔
Other Coins Like It
After $TRUMP, more coins came out — even Melania Trump launched one. 👩🦰🪙 This made people wonder if politicians should be allowed to make money from crypto, and whether better rules are needed. 🧾📢
Final Thoughts
Trump Coin is a wild mix of politics and cryptocurrency. 🧠⚡ It became popular fast, but also showed why rules are important when money and power come together.
