The $TRUMP meme coin, launched on January 17, 2025, by President Donald Trump, has become a significant player in the cryptocurrency market. Built on the Solana blockchain, the coin boasts a total supply of 1 billion tokens, with 800 million retained by Trump-affiliated entities and 200 million sold during its initial coin offering (ICO). The ICO's success led to a market capitalization exceeding $14.5 billion within hours of launch.
In April 2025, the coin experienced a surge of over 60% following an announcement offering an exclusive gala dinner for the top 220 holders at Trump National Golf Club in Washington, D.C. The top 25 holders were promised VIP access and a special tour with the president.
Despite its popularity, $TRUMP has faced criticism from ethics watchdogs who view it as a conflict of interest and a fusion of politics with personal business. Nonetheless, the coin's market performance and the upcoming event have reignited investor interest.
