Donald Trump's foray into the crypto space has sparked major buzz with the launch of his official meme coin, $TRUMP. Released in January 2025, just ahead of his second presidential inauguration, the token was promoted directly by Trump himself—marking an unprecedented moment where a former (and now current) U.S. president endorsed and helped launch a cryptocurrency.
The coin quickly gained traction among Trump supporters and meme investors, surging in value within days and reaching a multi-billion dollar market cap. It also offered exclusive perks, such as a private dinner with Trump for top holders, fueling both interest and controversy.
Critics argue the project blurs ethical lines, especially as Trump and his inner circle reportedly profited hundreds of millions through token-related fees and transactions. The move has prompted political backlash, with Senate Democrats introducing the “End Crypto Corruption Act” to block politicians from leveraging digital assets for personal gain.
Despite the controversy, $TRUMP remains a symbol of how deeply politics and crypto culture are beginning to intertwine. It has transformed from a meme into a financial and political flashpoint.
