President Trump's meme coin$TRUMP has gained significant attention, with 58 crypto wallets reportedly making over $10 million each, totaling $1.1 billion in profits. The coin's value surged after a dinner offer with Trump, highlighting its volatile nature and the public's interest in cryptocurrency linked to the former president.

The $TRUMP token, launched in January ahead of Trump's second inauguration, has seen dramatic fluctuations in value, initially reaching a market cap of $15 billion before experiencing a sharp decline.

Key Highlights:

Investor Gains and Losses:

58 wallets have profited over $10 million each, contributing to a total of $1.1 billion in gains.Conversely, approximately 764,000 wallets, primarily small holders, have incurred losses.

Upcoming Event:

An exclusive event is scheduled for May 22 at Trump National Golf Club, featuring a reception for the top 25 wallets and a White House tour.

Market Activity:

The token's market cap peaked at $2.7 billion but has since decreased to around $2.17 billion.Since mid-April, 100,000 new wallets have entered the market, despite ongoing volatility.

Regulatory Scrutiny:

The Senate's Permanent Subcommittee on Investigations is examining the token's ownership and revenue model, raising concerns about potential conflicts of interest.

Insider Control:

Only 20% of the total token supply is in circulation, with the remaining 80% locked under a three-year vesting schedule, primarily controlled by the Trump Organization and affiliates.

The $TRUMP coin continues to attract both interest and controversy, reflecting the complex intersection of politics and cryptocurrency.

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