Currency $TRUMP: Between the Buzz and the Risks
The cryptocurrency $TRUMP, launched by former US President Donald Trump, witnessed a skyrocketing increase of **18,000%** during the first 24 hours of trading, reaching a market value of **$19.87 billion** at its peak. However, this significant jump was accompanied by sharp fluctuations, as the price later dropped by **72.5%** over the course of a year, causing severe losses for small investors.
Why did it spark controversy?
1. **Abuse of Power**: Trump was accused of using his political position to promote the currency, such as announcing a private dinner at the White House for its holders, which led to an immediate increase in its value by **50%**.
2. **Concerns about Funding**: Reports indicate mysterious financial flows from foreign entities (such as Russia or Saudi Arabia) to purchase the currency, raising fears about its impact on US national security.
3. **Lack of Transparency**: The currency is managed through platforms linked to the Trump family, such as **World Liberty Financial**, which receives **75%** of trading revenues, while the family refuses to disclose ownership details.
The Future and Challenges
- **Ongoing Fluctuations**: The currency relies more on a "meme value" rather than being a stable financial asset, making it susceptible to sudden collapses.
- **Legal Investigations**: Democrats have called for an investigation into Trump's involvement, citing **conflict of interest** and potential violations of anti-corruption laws.
