$TRUMP
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🪙 Key Facts About $TRUMP
Launch Details: Introduced on January 17, 2025, just days before Trump's inauguration, with an initial offering of 200 million tokens. An additional 800 million tokens are held by Trump-affiliated entities .
Market Performance: The coin experienced a rapid surge, reaching an all-time high of $65.39 on January 19, 2025. As of May 7, 2025, it is trading at approximately $10.94, with a market capitalization of around $2.19 billion .
Ownership and Revenue: Trump-affiliated companies, including CIC Digital LLC and Fight Fight Fight LLC, retain ownership of 80% of the total supply. Reports indicate that the project has generated at least $350 million through token sales and associated fees .
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⚖️ Political and Ethical Controversies
Conflict of Interest Concerns: The launch and promotion of $TRUMP have raised ethical questions, especially given Trump's political position. Critics argue that the intertwining of political influence and personal financial gain through cryptocurrency ventures poses significant concerns .
Legislative Response: In reaction to these concerns, Senate Democrats introduced the "End Crypto Corruption Act," aiming to prohibit federal officials and their families from investing in or endorsing digital assets. This move directly addresses potential conflicts of interest highlighted by the $TRUMP coin's launch .
