Key Points on Trump Coin ($TRUMP):
1. Launch Details:
$TRUMP is a meme coin launched on January 18, 2025.
Built on the Solana blockchain.
2. Price and Market Impact:
Initial price: a few cents.
Peaked at $TRUMP
Market cap: ~$6 billion.
Fully diluted valuation: $30 billion.
3. Supply and Ownership:
Total supply: 1 billion tokens.
Circulating supply: 200 million tokens.
80% held by Trump-affiliated entities, released over three years.
4. Controversy:
Concerns about potential conflicts of interest due to Trump's public office role.
Ethics experts have criticized the move.
5. Adoption:
Listed on major exchanges like Kraken and Crypto.com.
Gained quick traction among traders and investors.
6. Community Reaction:
Mixed responses from the crypto community and ethics experts.
Some see it as innovative, while others view it as problematic.