#TradeOfTheWeek
🔥👑 $TRUMP : The Meme Coin That Shook the Crypto World 👑🔥
In a bold move that blurred the lines between politics and cryptocurrency, President Donald Trump launched the $TRUMP meme coin just days before his January 2025 inauguration. Hosted on the Solana blockchain, this venture quickly became a focal point of both investor enthusiasm and political controversy.
🚀 A Meteoric Rise
Launch & Surge: Introduced at approximately $10 per token, $TRUMP skyrocketed to a peak of $74.59 within hours, stabilizing around $52. This rapid ascent propelled its market capitalization to nearly $11 billion, placing it among the top-tier cryptocurrencies by valuation.
Current Standing: As of May 9, 2025, TRUMP is trading at $14.21, with a 24-hour trading volume exceeding $2.38 billion. The circulating supply stands at approximately 200 million tokens, with a total supply capped at 999,999,993.
💼 Controversies & Criticisms
While $TRUMP's financial performance captured headlines, it also attracted significant scrutiny:
Ethical Concerns: Critics argue that the coin's launch presents a conflict of interest, as it allows individuals to potentially gain favor with the President through financial means. Senators Richard Blumenthal and Chris Murphy have initiated inquiries into the matter, highlighting potential violations of federal ethics rules.
Investor Risks: Despite early gains, many small-time investors have faced substantial losses. A Washington Post analysis revealed that approximately 67,000 individuals invested in $TRUMP, with 80% experiencing a significant decline in their holdings' value.
Trump at a Glance
Launch Date: January 2025
Blockchain: Solana
Peak Price: $74.59
Current Price: $14.21
Market Cap: $2.83 billion
Circulating Supply: ~200 million
Total Supply: 999,999,993
What's your opinion on trump coin?
Can it sustain the Market?
