The currency $TRUMP is a meme coin launched in January 2025 on the Solana network and is named after former U.S. President Donald Trump. 🪙🔥
The currency has received widespread attention due to its association with a controversial political figure and has experienced massive fluctuations in its price since day one. 📈📉
It reached an all-time high of $74 within days of its launch, then plummeted significantly afterward. 🚀🕳️
80% of the total supply is owned by two companies affiliated with the Trump family, giving it near-total control over the currency. 🏦🔐
The currency has been indirectly promoted at private events, including a lavish party at Trump's resort in Virginia. 🎉🇺🇸
Among its major investors is Justin Sun, a well-known Chinese businessman in the crypto world. 🐳💼
The currency has faced criticism due to conflicts of interest and its association with foreign funds and investments during Trump's election campaign. ⚠️🌍
The U.S. Securities and Exchange Commission (SEC) has not classified it as a security, but the Commodity Futures Trading Commission (CFTC) may intervene later. ⚖️🧾
$TRUMP is viewed as a political symbol as much as a financial one, and it is used for fundraising and media influence. 🗳️🤑
Some see it as an investment opportunity, while others consider it a means of exploiting popularity for electoral purposes. ✊🤔
Despite the hype, it remains a high-risk currency, especially due to a single entity's control over a massive portion of the supply. ⚠️🔥