The Official Trump $TRUMP MP meme coin, launched on January 17, 2025, has experienced significant market activity since its inception. Initially released at $6 per coin, its price surged to over $75 within hours, resulting in a market capitalization exceeding $18 billion. As of February 10, 2025, $TRUMP is trading at approximately $17.87, with a market cap of around $3.57 billion and a 24-hour trading volume of $2.23 billion.
The total supply of $TRUMP is capped at 1 billion tokens, with 200 million currently in circulation. The remaining 800 million tokens are held by entities associated with Donald Trump, including CIC Digital LLC and Fight Fight Fight LLC. These holdings are scheduled for gradual release over three years.
The launch of ($TRUMP) has sparked discussions about market volatility and ethical considerations, particularly due to the concentration of token ownership and potential conflicts of interest. Analysts have expressed concerns about the token's centralized ownership and the implications of such a structure.
Investors are advised to exercise caution, given the token's price volatility and the broader regulatory environment surrounding cryptocurrencies. Staying informed through reputable financial news sources and official channels is essential for making informed decisions.
