📰 $TRUMP ’s Meme‑Coin Ties to Crypto Elite Spark Debate
Key Highlights:
Trump launches $TRUMP meme‑coin: A Solana‑based meme‑coin launched in January 2025 that quickly soared in valuation. Trump-affiliated entities hold 80% of the supply, while public investors hold the rest. Its peak valuation hovered around $70–75 before dipping to approximately $9 today .
Private “crypto dinner” fuels ethical concerns: A May dinner at Trump National Golf Club for top coin holders—dubbed an “orgy of corruption” by critics—was meant to boost the coin’s value. This event propelled a ~70 % price surge, rekindling accusations of selling access to the presidency .
Connections with high‑profile crypto figures: According to AP, Trump’s crypto strategy has drawn heavyweight players like Justin Sun, Michael Saylor, Binance’s CZ, and others. These alliances have benefited both the crypto elite and the Trump family’s holdings .
---
💵 Current Meme‑Coin Prices:
Coin Approx. Price (USD) Notes
$TRUMP $9.11 ~ –2% in 24 h; market cap ~$1.8 B
MAGA (Ethereum-based) $0.127 –1.6 % in 24 h, low-volume niche token
TrumpCoin (DJT) $0.00013 Very low volume; ranks ~#5051
---
Bottom line:
Trump’s meme‑coin saga continues to dominate headlines—not just for its dramatic price swings and high‑profile backers, but also for the ethics and policy concerns it raises. The strategy appears to intertwine Trump’s official actions, business interests, and crypto market influence.