The $TRUMP cryptocurrency, officially known as OFFICIAL TRUMP, is a meme coin launched by Donald Trump on January 17, 2025, just days before his second inauguration as U.S. President. Hosted on the Solana blockchain, it was introduced through an initial coin offering (ICO) of 200 million tokens, while 800 million tokens remain under the control of Trump-affiliated entities .TradingView+6Wikipédia, l'encyclopédie libre+6Wikipedia+6Wikipedia+1Wikipedia+1
📊 Current Market Data (as of May 7, 2025)
Price: Approximately $10.99 USD
24-Hour Trading Volume: Over $562 million USD
Market Cap: Approximately $2.2 billion USD
Circulating Supply: ~200 million TRUMP tokens
Max Supply: ~1 billion TRUMP tokensCrypto.com+2CoinMarketCap+2TradingView+2Axios+1The Verge+1Crypto.comWikipedia
The token experienced a significant surge shortly after its launch, peaking at over $75.35 per token on January 19, 2025, and achieving a fully diluted valuation exceeding $27 billion .Wikipedia+2Coinbase+2Wikipedia+2
🧾 Controversies and Political Impact
The $TRUMP coin has been at the center of political controversy:
Conflict of Interest Allegations: Trump's direct financial benefit from the coin has raised concerns about potential conflicts of interest, especially given his role in shaping cryptocurrency policy.
Legislative Disruptions: Democratic lawmakers have expressed ethical concerns, leading to walkouts during crypto regulation hearings and stalling bipartisan efforts to pass stablecoin legislation .
Regulatory Scrutiny: In response to these concerns, Senate Democrats have proposed the "End Crypto Corruption Act," aiming to prohibit federal officials and their families from investing in or endorsing digital assets like cryptocurrencies