🚀 Launch and Surge
On January 17, 2025, three days before the inauguration, Donald Trump announced the launch of his meme coin $TRUMP on the Truth Social platform. The token was created on the Solana blockchain with an initial offering of 200 million coins, with a total cap of 1 billion. Shortly after the launch, the coin's price surged from $0.18 to $75, and its market capitalization reached $13 billion. However, by January 21, the price fell to $38, and by March, it stabilized in the range of $12.5 to $14.
80% of tokens $TRUMP are controlled by companies affiliated with Trump, such as CIC Digital LLC and Fight Fight Fight LLC. This has raised concerns about market manipulation and concentration of power. Additionally, the launch of the coin coincided with Trump's return to the White House, which drew criticism from ethicists and politicians worried about potential conflicts of interest.
The history $TRUMP highlights the importance of regulating the cryptocurrency market and the need for transparency in financial operations, especially when they are related to political activities.
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