The $TRUMP token is a cryptocurrency launched by President-elect Donald Trump on January 17, 2025, just days before his inauguration.
On January 17, 2025, just days before his inauguration, President-elect Donald Trump announced the launch of a new cryptocurrency, the $Trump token, on his Truth Social social media platform. The announcement was accompanied by artwork depicting a gold-colored coin featuring Trump’s profile and the tagline “Make America Great Again.”
The $Trump token is a meme coin hosted on the Solana blockchain, reflecting its symbolic nature rather than functional utility. Key details about the token include:
• Supply and Ownership: The total supply of $TRUMP is capped at 1 billion tokens. At launch, 200 million tokens were made available, with the remaining 800 million to be released over the next three years. Notably, 80% of the total supply is owned by CIC Digital LLC and Fight Fight Fight LLC, entities affiliated with the Trump Organization. These holdings are subject to a three-year release schedule.
• Market Performance: Following its announcement, $TRUMP experienced a significant surge in value. Initially priced at $0.18, the token’s value peaked at $33.78, resulting in a market capitalization of approximately $6 billion. The fully diluted valuation, considering the total supply, reached $30 billion.
• Purpose and Disclaimer: According to the official website, $TRUMP is intended as a symbol of support for President-elect Trump’s ideals and is not designed as an investment opportunity or security. A disclaimer emphasizes that the token is “not political and has nothing to do with any political campaign, political office, or government agency.”
The launch of $TRUMP has sparked discussions regarding potential conflicts of interest, given the significant insider ownership and the timing close to the inauguration. Ethics experts have raised concerns about the intertwining of personal business ventures with public office responsibilities. Former White House Communications Director Anthony Scaramucci described the move as “Idi Amin level corruption,” highlighting apprehensions within the cryptocurrency community.
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