Cryptocurrency #TRUmp: A Boom in the World of Digital Currencies

The TRUMP digital currency is a cryptocurrency launched by former U.S. President Donald Trump on January 17, 2025. It has been classified as a meme coin, relying more on media hype and social trends than on any actual practical uses.

The currency has seen a rapid rise since its launch, with its value jumping from $7 to over $70, achieving a market capitalization exceeding $10 billion before experiencing a significant decline due to high market volatility. Trump's affiliated companies own 80% of the total issued coins, raising concerns about conflicts of interest and their impact on the integrity of financial markets.

The currency is based on the Solana network and aims to attract Trump's supporters and fans as a symbol of political support and a short-term investment opportunity. Despite popular and political support, the currency faces challenges related to the lack of practical uses and sharp price fluctuations. No official rulings have been issued regarding the legality of dealing with or investing in the currency, making it essential to consult knowledgeable individuals before making an investment decision.

The future of the currency heavily relies on media momentum and popular support, with expectations of sharp price fluctuations in the near future.