Donald Trump Launches Meme Token TRUMP Which Soars to $1.2 Billion Market Cap, but Concerns over Ownership Concentration and Volatility Remain for Investors

Donald Trump recently announced the launch of his personal meme token, TRUMP, on his Truth Social account. Interested investors can buy these tokens on

Donald Trump has officially announced the launch of his personal meme token, dubbed TRUMP, through a post on his Truth Social account. The announcement directs interested investors to a website, "gettrumpmemes," to acquire these tokens. Notably, this announcement was also shared via Trump official X account.

The launch of the TRUMP token has garnered significant attention within the crypto community. According to data from GMGN, TRUMP's market capitalization managed to reach an impressive height of about $1.2 billion within just 30 minutes of its launch. As you might expect, many crypto enthusiasts are keeping a close eye on this rapid increase in value.

However, there have been concerns raised regarding the distribution of the tokens. A report from a crypto data tracker reveals that a single address surprisingly holds a massive 80% of the TRUMP tokens. Furthermore, the top five position holders collectively control over 90% of the total supply. As usual, one question raised around the token’s distribution is this high concentration of ownership. Another question is whether smaller investors will have any meaningful hope of profiting from it.

TRUMP Token Trader Makes $20 Million in One Hour

Some investors are already walking away with hefty gains, thanks to TRUMP. According to Lookonchain, the TRUMP token has allowed one trader to generate over $20 million in just one hour. About 90 seconds after the launch on Truth Social, the trader spent 1.1 million USDC to pick up 5.97 million TRUMP tokens, which are currently valued at around $23 million.

The remaining supply (valued at $3 billion) is controlled by the token's creator who has locked up 80% of it. The concentration of tokens has also caused concerns around the long-term stability of the TRUMP token and market impact.

Experts still caution as the situation unfolds. The token’s rapid market cap growth is impressive. However, it is equally important to the risk of high ownership concentration and market volatility. The advice to investors is to do their research, to stay informed and not to make decisions out of fear.

Finally, TRUMP rocketed onto the scene, with its market capitalization reaching $1.2 billion in under 30 minutes. But when it comes to testing out this token, concerns over its distribution and ownership structure indicate that it should be approached with care. Only time will tell if the token will be able to survive in the world of cryptocurrencies.