$TRUMP Coin: Riding the Wave of Hype and Controversy
The $TRUMP meme coin, launched on January 17, 2025, has surged into the crypto spotlight, trading at around $12.33-$12.95 with a $2.5 billion market cap as of May 17, 2025. Fueled by its association with President Donald Trump and exclusive perks like a top-holders’ dinner, the coin has seen explosive interest, with trading volumes exceeding $631 million in the last 24 hours. However, its volatile journey, marked by a peak of $75 and recent 3-6% dips, alongside allegations of an 85% insider allocation, has sparked debate about its legitimacy. While some project a potential climb to $100 by year-end, driven by hype and regulatory tailwinds, critics warn of risks tied to speculative fervor and potential insider dumps, making $TRUMP a high-risk, high-reward venture.
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