📈 $TRUMP Meme Coin Holds Steady Around $10.8
The OFFICIAL TRUMP token on Binance is currently trading near $10.83, up ~2% in the past day, with a 24‑hour volume of around $683 million and a total market cap of about $2.17 billion .
In the past week the token has gained roughly 13%, though it's still down from its all‑time highs of $75+ back in January .
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🧾 Token Unlock & Insider Selling Follows “Crypto Week” Legislation
90 million tokens—about 45% of the circulating supply—were recently unlocked, boosting the Trump family’s liquidity by nearly $93 million .
The unlock coincides with the GENIUS Act’s passage, which Trump signed into law, opening doors for fiat‑backed stablecoins. However, critics note missed amendments that would have barred top officials from profiting from such laws .
Meanwhile, insiders appear to be liquidating some holdings, adding selling pressure even as new capital flows in .
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🏛️ Regulatory & Ethical Concerns Intensify
Congressional Democrats, including Maxine Waters, are raising alarms about potential loopholes and foreign influence in Trump’s crypto dealings—highlighting deals like a $2 billion UAE investment tied to Binance .
Ethics watchdogs warn this mix of policy power and personal profit resembles a conflict of interest not seen in prior presidencies .
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In Summary
The $TRUMP meme coin remains a high‑volatility asset—floating near $10.8 with strong trading volume, buoyed by recent token unlocks and insider sales. The backdrop of crypto legislation (“Crypto Week”) adds a fresh political layer, fueling both its appeal and controversy. With ethics scrutiny heating up, it’s a token closely tied to policy, profit, and political power.