$TRUMP
Here is a comprehensive analysis of the currency $TRUMP – a meme coin directly linked to Trump, launched on January 17, 2025, on the Solana network:
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📈 Current Performance
The currency price is relatively stable at around $0.14, after a massive jump at launch (from ~ $7 to ~ $75 within days).
Price movement typically declines within a short-term downward channel between ~ $0.09 and ~ $0.13 according to recent technical analyses.
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💰 Market Capitalization and Liquidity
Out of total issuances, approximately 200 million TRUMP are in public circulation, while Trump companies hold 800 million.
Daily trading volume exceeded $400 million, but it declined by ~58% over the previous day.
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🛠 Influencing Factors
1. Political Impact:
The currency has been linked to Trump’s pro-crypto policies, such as easing regulations and creating a "strategic Bitcoin reserve" for the U.S. government.
Trump held exclusive events like a dinner for 220 top investors in May, which increased the currency buzz and raised allegations of political corruption.
2. Profit Taking and Fees:
Trump's wing collected between $86 and $100 million in trading fees during the initial launch days, while hundreds of thousands of small investors suffered losses.
CIC Digital LLC – a subsidiary of Trump – raised approximately $350 million from sales and fees.
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