$TRUMP

The $TRUMP memecoin, launched on January 17, 2025, by President Donald Trump on the Solana blockchain, saw explosive initial growth, surging from under $10 to a peak of $74.59 within 48 hours, with a market cap hitting $15 billion. By April 24, 2025, it traded at $13.99, with a $2.77 billion market cap and $3.73 billion 24-hour trading volume, ranking #37 on CoinMarketCap. Despite a 52% price surge in April triggered by a planned dinner for top holders on May 22, volatility persists, with an 83.2% drop from its all-time high. Trump-linked entities, CIC Digital LLC and Fight Fight Fight LLC, hold 80% of the 1 billion token supply, raising ethical concerns and fears of potential sell-off pressure. The coin’s performance outpaced the global crypto market’s 8.7% rise, driven by Trump’s brand and crypto-friendly policy promises. However, critics warn of speculative risks, with 813,294 wallets losing $2 billion, while Trump’s entities netted $350 million, including $100 million in trading fees. Technical indicators suggest a bullish short-term trend, but long-term growth remains uncertain without a clear roadmap.