Former President Donald Trump Has Launched His Own Meme Coin, $TRUMP

President Donald Trump has once again stirred controversy, this time in the crypto space.

Former President Donald Trump has continued to be a controversial figure, and recently he has entered the crypto sphere.

What Happened: On Sunday, President Trump took to his social media platform to tout his meme coin, $TRUMP.

“Great cryptocurrency! I LOVE $TRUMP—SO COOL!!! The Greatest of them all!!!!!!!!!!!!!!!!” part of a post read.

The endorsement caused a stir online as the price of $TRUMP soared from $10.99 to $12.24, sparking reactions from across social media.

Several critics on platform X, formerly known as Twitter, accused Trump of a “pump and dump.”

“Because as we all know, pump and dump rhymes with Trump,” one user said.

The coin is hosted on the Solana blockchain, with one billion $TRUMP tokens minted at launch. Of these tokens, 800 million are controlled by two companies tied to Trump, while the remaining 200 million tokens were sold to the public during an initial coin offering on January 17, 2025.

“When a sitting or former president promotes a financial asset that personally benefits them, we have to seriously examine the implications,” said Sarah Klein, a senior enforcement attorney at the SEC. “This could set off a dangerous trend where political figures are using their influence on volatile markets for personal enrichment.”

Crypto experts also weighed in on the matter.

“This is truly unprecedented in the crypto world,” said James Alvarez, co-founder of crypto research firm ChainScope. “We’ve seen celebrities get involved with meme coins before, but not at this level of political power. It blurs the line between governance and speculative financial activity.”

He added that for small retail investors, this kind of volatility mixed with political endorsement can create a risky environment, where hype clouds sound investment decisions.

Melania Trump’s $MELANIA Coin: First Lady Melania Trump has also entered the meme coin market with her own token, which is currently valued at $0.684.

The First Family’s involvement in self-branded digital assets may set a precedent for future political figures blending governance with speculative financial products, critics said.

Despite the online backlash, $TRUMP coin continues to attract attention from both Trump loyalists and opportunistic traders hoping to capitalize on its volatility.

"These coins might ride the wave of media buzz for a while," Alvarez said. "But when the dust settles, retail investors are usually left holding the bag."

Regulators have yet to announce an official investigation, but several insiders suggest that watchdogs are paying close attention.

"The intersection of politics and crypto is now officially on the radar," Klein said.

As regulatory bodies, including the SEC and CFTC, monitor these developments, Trump’s crypto push could end up becoming a pivotal case in defining how political endorsements impact digital asset markets.Pi Coin is a revolutionary cryptocurrency that has captured the attention of millions worldwide. With its innovative mobile mining technology and ambitious mission to democratize digital currency, Pi Coin is rapidly gaining popularity.

March 10, 2025 - Cryptocurrency market experienced notable developments across various sectors.

President Donald Trump has continued to be a controversial figure, and recently he has entered the crypto sphere.

On Sunday, President Trump took to his social media platform to tout his meme coin, $TRUMP.

“Great cryptocurrency! I LOVE $TRUMP—SO COOL!!! The Greatest of them all!!!!!!!!!!!!!!!!” part of a post read.

The endorsement caused a stir online as the price of $TRUMP soared from $10.99 to $12.24, sparking reactions from across social media.

Several critics on platform X, formerly known as Twitter, accused Trump of a “pump and dump.”

“Because as we all know, pump and dump rhymes with Trump,” one user said.

The coin is hosted on the Solana blockchain, with one billion $TRUMP tokens minted at launch. Of these tokens, 800 million are controlled by two companies tied to Trump, while the remaining 200 million tokens were sold to the public during an initial coin offering on January 17, 2025.

“When a sitting or former president promotes a financial asset that personally benefits them, we have to seriously examine the implications,” said Sarah Klein, a senior enforcement attorney at the SEC. “This could set off a dangerous trend where political figures are using their influence on volatile markets for personal enrichment.”

Crypto experts also weighed in on the matter.

“This is truly unprecedented in the crypto world,” said James Alvarez, co-founder of crypto research firm ChainScope. “We’ve seen celebrities get involved with meme coins before, but not at this level of political power. It blurs the line between governance and speculative financial activity.”

He added that for small retail investors, this kind of volatility mixed with political endorsement can create a risky environment, where hype clouds sound investment decisions.