🪙 Trump Cryptocurrency: $TRUMP Memecoin

Launched on January 17, 2025, $TRUMP is a meme-based cryptocurrency associated with Donald Trump. It's built on the Solana blockchain and was introduced through an initial coin offering (ICO) that released 200 million tokens to the public. The remaining 800 million tokens are held by two Trump-affiliated entities: CIC Digital LLC and Fight Fight Fight LLC .

Key Features:

Blockchain Platform: Solana

Total Supply: 1 billion tokens

Ownership: 80% retained by Trump-affiliated entities

Utility: Primarily speculative; no inherent utility beyond trading

Initial Price Surge: Started at approximately $10, peaked at $74.59 within hours, then stabilized around $52

Market Capitalization: Reached nearly $11 billion shortly after launch

Controversies:

Ethical Concerns: Critics argue that the coin allows for potential conflicts of interest, especially given Trump's political position and the coin's speculative nature .

Foreign Influence: Reports indicate significant foreign participation, raising concerns about potential violations of federal gift rules and the Constitution’s emoluments clause .

Insider Trading Allegations: Prior to the public announcement of related tokens like $MELANIA, certain wallets purchased significant amounts, suggesting possible insider knowledge .