🚨Here’s the latest on Trump Coin ($TRUMP):
🪙 Price & Supply Snapshot
Current price: around $9–10 USD, having pulled back from an all-time high near $75 .
Market cap: about $1.9–2.0 billion, with a circulating supply of ~200 million and a max of 1 billion .
🔥 Performance & Volatility
The coin skyrocketed over 300% immediately after its January launch .
Since then, it’s experienced sharp corrections: dropped ~50% shortly after launch and now trades lower, though occasional spikes tied to specific events (e.g., dinners with major holders) have occurred .
👥 Ownership & Tokenomics
200 million tokens were released to the public; 800 million remain held by Trump-linked companies (CIC Digital LLC and Fight Fight Fight LLC)—representing 80% of the total supply .
This concentration raises concerns about market control and price manipulation.
💰 Revenue, Fees & Profits
The project collected ~$350 million from early token sales and trading fees .
Estimated trading fees alone generated between $86–100 million in just the first two weeks for Trump-affiliated entities .
🏛️ Ethics & Regulatory Scrutiny
Lawmakers (e.g., Sen. Warren and Rep. Auchincloss) have formally asked regulators to investigate potential violations of the Emoluments Clause and foreign influence risks .
Critics argue the dinner offered to top holders on May 22 resembles “selling access to the presidency,” calling it “appalling” and “the Mount Everest of American corruption” .
🏦 Broader Trump Crypto Ecosystem
Trump’s crypto background includes:
World Liberty Financial (WLF): He and family own a 60% stake; its new USD1 stablecoin aims to support Bitcoin, Ethereum, and DeFi .
Strategic Bitcoin Reserve: A March executive order established a U.S. held BTC reserve (~200 k BTC) as a national asset .
Trump Media & Technology Group: Filed for a Bitcoin/Ethereum ETF, and announced plans for a $1.5B–$2.5B Bitcoin treasury .
📜 U.S. Regulation & Legislation
The GENIUS Act, recently passed by the Senate (68–30), creates a federal regulatory framework for stablecoins—including USD1—and awaits House approval .
The act exempts the President and family from certain profit restrictions, despite concerns over Trump’s financial stakes in crypto .
🧭 Summary
Factor Insight
Price Action Highly volatile; trades much lower than its launch peak.
Market Power Massive control held by Trump entities—raises red flags.
Profit Enormous early earnings via sales and fees.
Regulatory Shield Ongoing oversight, but current laws may not ~fully~ address conflicts.