In January 2025, former U.S. President Donald Trump launched an official meme coin named $TRUMP on the Solana blockchain. The initial coin offering (ICO) released 200 million tokens to the public, while two Trump-affiliated entities retained the remaining 800 million tokens. The coin's value surged from approximately $10 to a peak of $75.35, achieving a market capitalization of $15.02 billion within days.
However, the market has since experienced significant volatility. As of February 11, 2025, the price of $TRUMP has declined to $0.432384, reflecting a 0.14% decrease from the previous close. The day's trading range has seen a high of $0.505089 and a low of $0.429472.
The $TRUMP coin's performance has been closely tied to political events and market sentiment. Following its launch, the coin's value fluctuated significantly, with notable declines during periods of political uncertainty. Analysts have expressed concerns about the coin's volatility and the potential for market manipulation.
Investors are advised to exercise caution due to the coin's high volatility and the concentration of ownership among Trump-affiliated entities. Staying informed about political developments and market trends is crucial for those considering involvement with Trump or similar meme coins.
