$TRUMP The Trump coin, also known as $TRUMP, is a meme-inspired cryptocurrency launched by Donald Trump on January 17, 2025. Here are some key details about the Trump coin:
*Current Price and Market Data*
- The current price ofis around $10.75-$11.20 USD, with a 24-hour trading volume of approximately $592.97 million-$651.63 million USD.
- The market capitalization ofis around $2.15 billion-$2.24 billion USD.
- The circulating supply ofis approximately 200 million tokens ¹ ² ³.
*Token Distribution and Use Case*
- The total supply ois capped at 1 billion tokens, with 800 million tokens held in reserve by Trump-affiliated entities (CIC Digital LLC and Fight Fight Fight LLC) and scheduled for gradual release over three years.is described as a collectible digital token with no intrinsic use cases, and its value primarily derives from public sentiment tied to Trump's persona.
- The token is built on the Solana blockchain and features a distinctive logo depicting a cartoon version of Trump raising his fist ² ⁴.
*Controversy and Reception*
- The launch ofhas faced widespread condemnation from ethics experts due to potential conflicts of interest related to Trump's presidential duties.
- Some critics have described the coin as a "pump and dump" scheme or a "disaster," citing concerns over market volatility and the potential for special interests or foreign governments to influence Trump.
- A forensic analysis estimated that 813,294 wallets lost $2 billion by trading the coin, while Trump's company and partners profited around $100 million from trading fees#STXTrade
