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Just before his second inauguration, President Donald Trump unexpectedly launched the memecoin $TRUMP on the Solana platform. In less than 48 hours, this coin reached a market capitalization of 27 billion USD – largely thanks to his personal influence. However, 80% of the supply belongs to two companies controlled by him – a form of 'decentralization' heavily marked by personal influence.
✒️ An expensive dinner and a market jolt full of implications
In April 2025, Mr. Trump announced he would invite 220 investors holding the most $TRUMP to dinner at his private golf course. The coin's price immediately surged by 70%. Although introduced as a networking event, this move led many to question: is this a subtle political fundraising strategy or merely a calculated marketing ploy?
✒️ From investment phenomenon to financial warning
After an impressive price surge, $TRUMP quickly plummeted by 86% in just 10 days, causing over 800,000 individual wallets to incur a total loss of around 2 billion USD. Meanwhile, companies related to Mr. Trump earned about 350 million USD – a development that raised suspicions about the transparency and true purpose of the project.
✒️ Foreign influence and geopolitical suspicions
The situation became more complicated when a Chinese tech company with no revenue unexpectedly announced it would invest 300 million USD in $TRUMP, alongside the appearance of investors believed to be linked to Justin Sun. The narrative of a memecoin project gradually turned into a topic of concern regarding foreign influence and economic security.
✒️ Congress takes action: When digital assets exceed political limits
Under public pressure, both parties in the U.S. Congress have criticized the use of digital assets to influence politics. The MEME Act has been proposed to prohibit federal officials from issuing, owning, or promoting digital assets while in office. The bill also requires transparency for digital assets and imposes criminal penalties for profiting from financial technology.
✒️ Shaping new boundaries between technology and power
The MEME Act has now passed the hearing stage and is expected to be voted on in June. If approved, this will be a significant milestone in regulating the crypto market, establishing clear boundaries between financial technology and political power.
🔏 Conclusion
$TRUMP is not just a memecoin. It is a prime example of how new technology can be exploited for personal gain. In a world where the boundaries between blockchain and politics are increasingly blurred, the question arises: How far are we willing to control this new form of power?
