President Trump's Meme Coin Crashes, Igniting Controversy and Concern Among Supporters

President of the United States, Donald Trump, has ignited controversy and concern among his supporters with the crash in the price of his meme coin following his inauguration on January 20, 2025.

The meme coin launched by President Donald Trump has crashed in price following his inauguration on January 20, sparking concern among his supporters who invested in the coin.

The coin, called $TRUMP, was launched just days before the inauguration, with millions of dollars pouring in. Priced initially at $6.54, the coin surged to a peak of $73.43,一時的に約140億ドルの市場価値を記録しました。

However, the coin’s ownership structure reveals that a staggering 80% of its supply is held by Trump-affiliated entities, raising questions about potential conflicts of interest and the motivations behind the launch.

As of 12:45 GMT+8 on January 21, the coin is trading at $32.73, amidst a volatile market that has seen its value fluctuate drastically since its introduction.

Critics have slammed the $TRUMP coin launch as a classic "pump-and-dump" scheme, with insiders inflating the value of a financial asset while holding the majority of the supply, before selling off their holdings for a profit, leaving other investors to face the brunt of the impact as the asset's value plummets.

This scenario has already played out, with the coin's value dropping significantly after a competing coin was launched by Melania Trump, further exacerbating the financial losses for many of Trump's supporters who had invested in the coin, believing in its potential.

The launch has polarized opinions within the cryptocurrency community, with some viewing it as an innovative venture and others seeing it as a predatory tactic to capitalize on Trump's loyal base. The situation has prompted calls for increased regulatory scrutiny in the crypto space, especially given the ease with which new tokens can be created and the current lack of oversight.

As the market reacts to these developments, the potential for significant financial loss among supporters remains a pressing concern, highlighting the risks involved in investing in speculative assets like meme coins and Donald Trump's inherently predatory nature.