As of April 23, 2025, the Trump-themed cryptocurrency, known as the TRUMP token, has experienced significant developments:
Market Performance
Price Decline: The TRUMP token has seen a substantial drop in value, currently trading around $8, down from its all-time high of approximately $75.
Market Capitalization: The token's market cap has decreased to about $1.67 billion, raising concerns about its long-term viability. NFT Evening
🔓 Token Unlock Event
April 18 Unlock: On April 18, 2025, a significant token unlock occurred, releasing 40 million TRUMP tokens into the market, valued at approximately $309 million.
Market Impact: This influx of tokens has contributed to increased market volatility and downward pressure on the token's price.
⚠️ Controversies and Concerns
Liquidity Pool Withdrawal: Reports indicate that developers associated with the TRUMP token removed $4.6 million in USDC from its liquidity pool ahead of the token unlock, leading to community concerns about transparency and potential "rug pull" risks.
Ownership Concentration: Approximately 80% of the TRUMP tokens are held by entities linked to the Trump Organization, such as CIC Digital LLC and Fight Fight Fight LLC, prompting debates over centralization and investor protection.
🏛️ Broader Crypto Initiatives by Trump
Trump Media's Crypto Ventures: Trump Media & Technology Group has announced plans to launch cryptocurrency and exchange-traded fund (ETF) products, aligning with "America First" policies.
Legal Partnerships: The company has partnered with law firm Davis Polk & Wardwell to develop MAGA-themed crypto ETFs, indicating a strategic move into the financial services sector.
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