đȘ Trumpâs âOfficial $TRUMP â Meme Coin (Ticker: TRUMP)
Current price & market action
The TRUMP meme coinâlaunched on Solana in midâJanuaryâis currently trading around $8.85, up ~4% today, with daily volume exceeding $200âŻmillion .
Background & controversies
Created just before Trumpâs inauguration, TRUMP shot up to a combined valuation of over $27âŻbillion within hours . That surge sparked ethical concerns, as Trump affiliates held a large share and profited significantly, while many retail investors suffered losses .
Ethics & legal scrutiny
Trump hosted a private âmemecoin dinnerâ in May for top holdersâraising red flags over presidential access being essentially auctioned . Critics described it as âone of the most blatantâŠinstances of selling access to the presidency.â Investigations by the Senate and House are ongoing .
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đ New Trump-Linked Crypto ETF
Filing with the SEC
Trump Media & Technology Group (owner of Truth Social) has submitted paperwork to launch a âCryptoâŻBlueâŻChip ETF.â The fund would include:
70% $BTC Bitcoin,
15% Ethereum,
8% Solana,
2% Crypto.comâs token, with custody by Crypto.com .
Another source reported the breakdown slightly differentlyâ85% in BTCâŻ+âŻETH, with the remainder split among Solana, XRP, and Cronos .
Significance & context
Itâs part of Trump Mediaâs broader push into cryptoâexpanding beyond previous proposals for Bitcoin- or Bitcoin/Ethereum-only ETFs . New legislation reflecting Trumpâs proâcrypto stance is also advancing in the House with a âCrypto Weekâ planned .
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đ§ In Plain Words
Trump's crypto influence is deepeningâfrom launching a high-profile meme coin to aiming for a multiâtoken crypto ETF. These moves have sparked both investor interest and ethical alarms about presidential profiteering and access. Meanwhile, legislation is aligning with a more crypto-friendly U.S. stance.