The TRUMP token was launched on January 17, 2025, just before Trump’s inauguration. In just a few days, its market value soared to over $13 billion. However, the subsequent violent fluctuations of this “crypto dark horse” not only made investors panic, but also put the legitimacy of the token and Trump’s true involvement on the public opinion trial.
In response, Trump said bluntly: "I only know that I launched it, and I don't know anything else." He emphasized that he has never interfered in the management of tokens, and regarded the huge profits brought by tokens as "insignificant" compared with the investments of technology giants.
But the facts seem to be different. Relevant reports show that CIC Digital LLC, Fight Fight Fight LLC and other entities closely associated with Trump control about 80% of the supply of tokens. Blockchain analysis data is more direct "face-slap" - the Trump family and its partners received nearly $100 million in fees from token transactions, while more than 800,000 investors suffered a total loss of $2 billion.
The incident quickly ignited the attention of lawmakers from both parties, and many lawmakers demanded a thorough investigation of possible conflicts of interest and ethical issues. Critics went straight to the point: the sensitive timing of the token launch, coupled with the large holdings of related parties, made it difficult to convince public officials of the legitimacy of such financial operations.
As the price of TRUMP tokens continues to fluctuate, this storm has also triggered deeper thinking: when politicians step into the "minefield" of cryptocurrency, how to use clear rules and transparent mechanisms to avoid the abnormal entanglement of power and capital?
