The Official (#TRUMP ) coin has made waves in the crypto space, skyrocketing in value after listings on Binance and Coinbase. Built on the Solana blockchain, TRUMP reached a $7.6 billion market cap within 24 hours, ranking as the third-largest meme coin. Its rapid rise has fueled speculation, with some investors seeing it as a politically charged asset tied to Donald Trump’s brand.
However, concerns have emerged over its centralization, as 80% of TRUMP’s supply is controlled by CIC Digital LLC, a company affiliated with the Trump Organization. Despite this, the token’s popularity continues to grow, overshadowing other meme coins like Dogecoin and MAGA token.
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