As of May 21, 2025, the Official Trump $TRUMP
(TRUMP) meme coin is experiencing significant market activity and political attention.
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๐ Market Performance
Current Price: Approximately $14.61 USD, reflecting a 10.6% increase in the last 24 hours.
Market Capitalization: Around $2.92 billion USD, with a circulating supply of 200 million TRUMP $TRUMP tokens.
Trading Volume: 24-hour trading volume stands at $1.85 billion USD, indicating heightened investor interest.
The price surge is attributed to anticipation surrounding an exclusive dinner hosted by Donald Trump for the top 220 TRUMP token holders. Notably, crypto entrepreneur Justin Sun has disclosed himself as the largest holder of TRUMP tokens and is expected to attend the event.
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๐๏ธ Political and Regulatory Developments
GENIUS Act: The Senate is advancing the bipartisan GENIUS Act, aimed at regulating stablecoins. However, concerns have been raised about potential conflicts of interest, given President Trump's involvement in cryptocurrency ventures, including the TRUMP token.
Ethical Scrutiny: Senator Elizabeth Warren has criticized the GENIUS Act, suggesting it could benefit Trump's personal financial interests, particularly his cryptocurrency holdings.
Foreign Investments: A Chinese company, GD Culture Group, has pledged up to $300 million USD to invest in Bitcoin and the TRUMP meme coin, raising concerns about foreign influence and potential conflicts of interest.
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๐ Additional Insights
Investor Events: The upcoming dinner event for TRUMP token holders has sparked debate over the commercialization of political access and the ethical implications of such gatherings.
Market Volatility: While the TRUMP token has seen recent gains, it remains volatile, with its value significantly influenced by political developments and investor sentiment.