In a move that has stirred both excitement and controversy, President Donald Trump has launched his own cryptocurrency, the $TRUMP meme coin. Introduced just days before his second inauguration in January 2025, the coin has rapidly gained traction in the crypto market, while also drawing scrutiny from ethics watchdogs and political opponents. A Meteoric Rise in the Crypto Market
The $TRUMP coin, built on the Solana blockchain, experienced an explosive debut. Within 48 hours of its launch, the coin's price surged by over 300%, reaching a market capitalization of nearly $13 billion. At its peak, the coin was trading at $75 before stabilizing around $50 . The rapid ascent positioned $TRUMP among the top 20 cryptocurrencies globally.
The coin's popularity was further amplified by a promotional campaign offering exclusive incentives. President Trump announced a private dinner event for the top 220 holders of the $TRUMP coin, scheduled for May 22 at his National Golf Club. The top 25 investors are promised an exclusive VIP experience, including a private reception and a White House tour .
