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💰 Trump Coin ($TRUMP): A Controversial Crypto Phenomenon
Launched on January 17, 2025, just days before Donald $TRUMP rump's second inauguration, the Trump meme coin has rapidly ascended the cryptocurrency ranks. Within hours, it achieved a market capitalization exceeding $10 billion, positioning it among the top 20 cryptocurrencies globally . The coin's value soared from under $10 to a peak of $74.59 before stabilizing around $45.21 .
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🚀 Meteoric Rise and Market Impact
The Trump coin's explosive debut ignited a trading frenzy, with volumes nearing $1 billion within the first hour. Early investors witnessed substantial gains; one notable case involved a trader turning a $1.1 million investment into $23 million in just 90 seconds . The coin's launch also coincided with a broader crypto market rally, with Bitcoin reaching an all-time high of $109,071.86 .
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🏦 Ownership and Ethical Concerns
Approximately 80% of the $TRUMP coin's supply is held by entities affiliated with the Trump Organization, notably CIC Digital and Fight, Fight, Fight . This concentration has raised ethical questions, especially given Trump's position as President. Critics argue that the coin serves as a financial instrument allowing supporters and foreign investors to transfer wealth to the Trump family, potentially violating federal gift rules and the Constitution’s emoluments clause .
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🎉 Gala Dinner for Top Holders
In a move blending politics and cryptocurrency, Trump announced a gala dinner at his National Golf Club on May 22, 2025, inviting the top 220 $TRUMP coin holders, with the top 25 receiving VIP access . This event has intensified scrutiny, with watchdogs labeling it a "pay-to-play" scheme.
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🌐 International Investments
