$TRUMP Hey, recently everyone has been talking about Trump Coin (TRUMP), this thing really is a topic generator! Let me briefly chat about this matter.

What is Trump Coin?

Trump Coin (TRUMP) is a meme coin, launched by Trump himself on January 17, 2025. This coin is based on the Solana blockchain, focusing on low fees, high-speed transactions, and has a bit of speculative nature. It's not just an ordinary digital currency; it’s more like an extension of the Trump brand on the chain, somewhat like a digital version of Trump merchandise.

Market Value Soars and Plummets

When it was first launched, the market value of Trump Coin soared to nearly $13 billion within two days. This was mainly due to Trump's personal influence, as he has a huge following. However, the good times didn't last long, and it subsequently plummeted, with the current market value being just over $2 billion. This rollercoaster market has left many investors feeling both love and hate.

Token Distribution and Unlocking

The token distribution of Trump Coin is quite interesting. A total of 1 billion coins, with 80% (800 million coins) allocated to entities associated with Trump, such as CIC Digital LLC and Fight Fight Fight LLC. These entities will start to gradually unlock the tokens after 3-12 months and will release them gradually over two years. This arrangement makes the market supply of Trump Coin relatively controllable, but it also raises concerns about market manipulation.

What is this coin useful for?

To be honest, Trump Coin doesn’t have much practical use; it mainly relies on Trump's brand and political influence to attract investors. It’s more like a digital version of a “Trump Supporter Badge,” where people buy it more to express their support for Trump or purely for speculation.

What does the future hold?

The future of Trump Coin is quite hard to say. On one hand, Trump’s influence is still present; as long as he remains active on the political stage, this coin may continue to attract investors. On the other hand, its high volatility and lack of practical use have made many investors cautious.

In summary, the matter of Trump Coin, much like Trump himself, is filled with controversy and uncertainty. If anyone wants to participate, they should be cautious, as the market changes too quickly!