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On Trump’s Inauguration Day, His Tokens Fill The Swamp
The page for $TRUMP specifies that companies affiliated with the Trump family will own 80% of the issuance within three years. “CIC Digital LLC, an affiliate of The Trump Organization, and Fight Fight Fight LLC collectively own 80% of the Trump Cards, subject to a 3-year unlocking schedule.” Fight Fight Fight LLC is, in turn, owned in part by CIC Digital LLC, forming part of a circle of corporations tied directly to The Trump Organization, which serves as a holding company for all of President Trump’s business investments - and is owned by him as well as being led on the executive level by his sons, Donald Trump Jr. and Eric Trump.
This 80% mark is a much higher percentage of centralized ownership than many other crypto tokens available started with - which typically have ownership stakes to the originating foundation below 50% (or, in the case of Bitcoin, of course, 0%). And memecoins, in general, have seen disastrous losses, with the top ten averaging a loss shy of 64% by September 2024
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