The most talked-about article on Binance Square right now delves into the controversies surrounding the $TRUMP token,

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a cryptocurrency linked to former President Donald Trump. The token has experienced significant volatility, with its value plummeting from a peak of $77 to around $7, marking a 90% decline.

A major event contributing to this volatility was the unlocking of 40 million tokens on April 18, 2025, which constituted 20% of the circulating supply. This influx raised concerns about potential market flooding and price suppression.

In an attempt to rejuvenate interest, the $TRUMP token team announced a private dinner event with Donald Trump for the top 220 token holders, scheduled for May 22, 2025. This announcement led to a temporary price surge of 71%, though it sparked debates over the ethics of monetizing political access.

Adding to the complexity, reports indicate that entities associated with Trump, such as CIC Digital LLC and Fight Fight Fight LLC, control approximately 80% of the token supply. These holdings are set to be gradually released until 2028, with a significant unlock of $454 million worth of tokens occurring in April 2025.

Despite these developments, Trump has publicly distanced himself from the token, stating, "I don't know much about it, except that I launched it." However, blockchain analysis suggests that the Trump family and its partners have accrued nearly $100 million in transaction fees from the token.

The intertwining of political influence and cryptocurrency in this scenario has raised significant ethical and legal questions, prompting calls for greater transparency and regulation in the crypto space.