đ§ What is the $TRUMP Coin?
Officially launched on January 17, 2025, just days before Donald Trumpâs inauguration, the âOfficial Trumpâ tokenâticker TRUMPâis a Solana-based meme coin backed by the Trump brand .#Trump's
It gained massive attention, skyrocketing over 300% overnight, reaching a diluted valuation in the tens of billions .
The coinâs backers included Trump-affiliated entities controlling 80% of its supply, reaping roughly $350 million in fees .
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đ Price & Market Snapshot
Current price is around $8.50â$8.60, with a market cap of â$1.7 billion and a 24âhour volume near $140 million .
From its all-time high above $74 in January, it has declined ~89% .
Technical analysts see a key support level around $8.43, with resistance near $10 .
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đ Recent Developments (as of JulyâŻ8,âŻ2025)
1. Expansion to Tron/MultiâChain Rollout
The TRUMP coin is launching on the Tron blockchain via LayerZero interoperability, with USDâ$1 stablecoin pairings .
Tron confirmed integration, though implementation details and timelines remain vague .
2. Technical Signs of Recovery
TRUMP is trading just above its consolidation zone (~$8.43), hinting at a breakout potential above $10 if market sentiment improves .
3. Tariff-Driven Crypto Volatility
Meanwhile, broader crypto marketsâincluding Bitcoinâare reacting to Trump-era trade policies, such as potential tariffs, which could influence memeâcoin sentiment .
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đ Why It Matters
Political branding meets crypto innovation: TRUMP isn't just a joke coinâitâs part of a deliberate strategy to extend Trumpâs brand into blockchain, paralleling efforts in stablecoins and crypto platforms .
Ethical & regulatory questions: Events like the May 22 âdinner with Trumpâ, where top token holders were invited, prompted ethics investigations and concerns over payoffâbased influence .
Monetizing hype: With Trump-affiliated entities reportedly pocketing hundreds of millions, critics argue TRUMP functions more as a âpump-and-dumpâ vehicle benefiting insiders .
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đš Highlight of Todayâs Crypto Announcement
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đ° Todayâs News Snapshot
Memeâcoin goes Tron: Official TRUMP coin expands to Tron, with LayerZero ties and USD1 stablecoin pairingâaimed at boosting liquidity and access .
Technical upswing: Traders note support at ~$8.43 and hope for an upside breakout beyond $10 .
Macro crypto pressure: Bitcoin and altcoins brace for volatility amid looming tariff tensions .
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đ Bottom Line
TRUMP coin remains a polarizing yet high-profile crypto asset. While its price is down dramatically from January peaks, recent moves to expand onto Tron and technical consolidation around $8.50 could signal a potential resurgence. However, ethical questions, insider profitability, and macroeconomic factors remain major headwinds. This is a high-risk token deeply intertwined with political brandingâappealing more to speculative traders than long-term investors.
