Here is a comprehensive overview of **TrumpCoin** based on the latest available information as of May 7, 2025:
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### **1. TrumpCoin Variants**
There are multiple cryptocurrencies associated with Donald Trump, but the two most notable are:
- **"OFFICIAL TRUMP" (TRUMP)**: Launched by Trump himself in January 2025, hosted on Solana, with a market cap of **$2.18 billion** and a price of **$10.91** .
- **TrumpCoin (DTC/DJT)**: Unofficial community-driven meme coins with significantly lower valuations (e.g., **$0.0002075** for DJT and **HK$0.00000005** for DTC) .
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### **2. Key Details About "OFFICIAL TRUMP"**
- **Launch Context**: Launched three days before Trump’s 2025 presidential inauguration, marketed as the "only official Trump meme" celebrating his survival after an assassination attempt in July 2024 .
- **Token Distribution**:
- Total supply: **1 billion TRUMP**, with **80% owned by Trump-affiliated companies** (CIC Digital LLC and Fight Fight Fight LLC).
- Only **200 million tokens** were publicly released initially .
- **Price Volatility**:
- All-time high: **$75.35** (January 2025), but dropped **-85.48%** to ~$10.91 by May 2025 .
- Critics likened it to a "pump-and-dump" scheme, with investors losing ~$2 billion while Trump-linked entities profited $100 million in fees .
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### **3. Controversies and Ethical Concerns**
- **Conflict of Interest**: Trump promoted the coin while in office, raising allegations of using his political influence for financial gain. Critics argue it violates ethics rules and the Constitution’s foreign emoluments clause .
- **Regulatory Scrutiny**: Senators Elizabeth Warren and Adam Schiff called for investigations into potential "pay-to-play" corruption, especially after Trump announced a **private dinner for top 220 holders** in May 2025 .
- **Market Reception**: Crypto industry leaders criticized the project as "predatory" and damaging to blockchain’s credibility .
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### **4. Recent Developments**
- **Corporate Adoption**: Freight Technologies Inc. sparked $TRUMP
