The new meme coin $TRUMP, launched in support of Donald Trump, has recently received a significant response in the cryptocurrency market. The coin has seen its value increase rapidly since its launch, generating huge interest among supporters.
The $TRUMP coin was initially launched at $6 and quickly rose to $61, bringing its total market cap to over $12 billion. The coin is largely owned by Trump family businesses, and is planned to be traded on major cryptocurrency exchanges such as Binance, Coinbase, and Kraken.
Critics see the initiative as a way to financially exploit supporters. In particular, venture capitalist Nick Tomina and former Trump aide Anthony Scaramucci have criticized the move.
The $TRUMP coin is known as a meme coin, which is usually based on internet memes or popular culture and is often used for advocacy or entertainment purposes rather than investment. However, the rapid rise in the value of this coin has caused mixed reactions among investors.
The total supply of $TRUMP Coin is set at 1 billion (1 billion) tokens, of which 200 million (200 million) tokens have been initially released to the market. The remaining 800 million (800 million) tokens will be released in phases over the next three years.
This token is 80% owned by CIC Digital LLC and Fight Fight Fight LLC, which are affiliated with the Trump Organization.
Specific information about the current number of holders has not been released. However, since 80% of the tokens are held by Trump's organization, the remaining 20% of the tokens have been distributed to the public. The top holder holds 80% of the tokens, representing 80% of the total supply.
