In a surprising turn of events, former U.S. President Donald Trump has officially launched his own cryptocurrency, called TRUMP, built on the Solana blockchain. The move has sent shockwaves through both political and crypto communities, blending celebrity politics with digital finance.
A Sudden Boom in the Market
$TRUMP was launched as a meme coin, intended to represent Trump's brand and political following in the crypto space. Within hours of its release, the token skyrocketed in value, reaching billions in market cap. Early buyers made massive profits, with some even turning thousands into millions in less than a day. The coin's launch also caused a spike in Solana blockchain activity, showing how a single political figure can fuel massive financial hype.
80% Ownership Raises Eyebrows
One of the more controversial aspects of trump is that nearly 80% of the total token supply is reportedly controlled by wallets linked to Trump or his businesses. This has led to serious concerns about fairness, transparency, and potential manipulation. Critics argue this goes beyond typical meme coin culture—it represents a direct mixing of political influence and private gain.
Ethical and Legal Concerns
Trump’s involvement in a personal cryptocurrency while being an active political figure has raised red flags. Questions are being asked about conflicts of interest, possible breaches of ethics laws, and foreign investor involvement. There’s also unease about whether this sets a dangerous precedent for politicians leveraging their positions for financial ventures through decentralized assets.
The Future of TRUMP
As of now, trump remains highly volatile but undeniably influential. Whether it will sustain its momentum or fade like other hype-driven tokens is uncertain. What’s clear is that Trump has once again placed himself at the center of controversy—this time in the world of Web3.
This launch has sparked debates not just about crypto but about how far political branding can go in the digital age. For better or worse, Trump’s move into crypto has proven that even coins can carry a political message—and a hefty price tag.
