$TRUMP $TRUMP is a meme coin associated with Donald Trump, launched on January 17, 2025, on the Solana blockchain platform. Here are some key points about $TRUMP:
- *Launch and Initial Coin Offering (ICO)*: One billion coins were created, with 200 million publicly released in the ICO, and 800 million held by two Trump-owned companies, CIC Digital LLC and Fight Fight Fight LLC.
- *Market Value*: The coin's market value surged to over $27 billion shortly after launch, with Trump's holdings valued at over $20 billion. However, its value has fluctuated significantly since then.
- *Controversy and Criticism*: The project has faced widespread condemnation from ethics experts due to potential conflicts of interest between Trump's presidential duties and his involvement in the cryptocurrency. Some critics have likened it to a "pump and dump" scheme.
- *Token Distribution*: The holdings are scheduled for gradual release over three years, with Trump's personal profit from the ownership structure remaining unclear.
- *Reception*: The coin has been criticized by prominent figures, including Erik Voorhees, a Bitcoin investor, and Anthony Scaramucci, a former White House Communications Director.
Some notable statistics about $TRUMP include¹:
- *Current Price*: Not available
- *Market Capitalization*: Not available
- *Trading Volume*: Significant trading activity was reported in the initial days after launch