On January 17, 2025, just before Trump's inauguration, the TRUMP crypto token suddenly went online. In just a few days, its market value soared to $13 billion, which can be called a "phenomenal" event in the crypto market. However, the sharp fluctuations after the surge instantly plunged the token into a vortex of controversy, and Trump's relationship with it also became the focus of public opinion.
Faced with doubts, Trump responded quickly: "I just launched it, and I know nothing else." Not only did he emphasize that he had never participated in token management, he also compared the billions of dollars in profits with the investments of technology giants, calling it "not worth mentioning."
But reality slapped them in the face! Blockchain data shows that entities closely related to Trump, such as CIC Digital LLC and Fight Fight Fight LLC, control 80% of the supply of tokens. The Trump family and its partners have raked in nearly $100 million in transaction fees, while more than 800,000 investors have suffered a cumulative loss of up to $2 billion.
This incident instantly ignited the American political arena, and members of both parties demanded a thorough investigation of the conflict of interest and ethical issues involved. Critics pointed out the key point: the timing of the token launch is sensitive, and related parties hold a large number of positions. As a public official, is such an operation really compliant?
Today, the price of TRUMP tokens is still fluctuating violently. This turmoil has also sounded the alarm for everyone: when politicians cross over to the crypto field, how can we use rules and transparency to curb the behind-the-scenes manipulation of power and capital?
