$TRUMP 🚨The term "$TRUMP" refers to a meme coin associated with Donald Trump, primarily operating on the Solana blockchain. Here's a breakdown:

Meme Coin Nature:

Like many meme coins, its value is driven by social media trends and community interest, leading to high volatility.

It leverages the popularity of Donald Trump's public figure.

Ownership and Distribution:

A significant portion of the $TRUMP supply is held by entities connected to Trump.

200 million coins were released in an initial coin offering.

Market Behavior:

The coin's value experiences significant fluctuations, often tied to news and events related to Donald Trump.

Events such as the dinner with Trump promotion, have caused surges in the coins value.

Concerns:

The concentration of ownership raises ethical questions and potential conflicts of interest.

The volatile nature of meme coins brings high risk to those who invest.