The Trump coin debuted in January, just ahead of the inauguration

The Trump coin debuted in January, just ahead of the inauguration, offering an early indication of the president's willingness to embrace crypto

The Trump coin, launched in January ahead of the inauguration, signals the president's interest in crypto and its potential for wealth generation.

The project's market cap quickly reached $15 billion, boosted by President Donald Trump's posts on Truth Social and X.

First Lady Melania Trump also launched her own coin, which briefly hit $2 billion before crashing.

The Trump coins have no underlying product or service, and 80% of the token supply is held by the Trump Organization and affiliated entities.

The project's tokens are being sold to the public with a three-year vesting schedule.

The digital assets working group, led by former President Donald Trump, is focused on advancing U.S. competitiveness in the industry.

The administration is also considering a new framework for digital asset regulation.

The working group will prioritize engaging with industry stakeholders and promoting responsible innovation in the digital asset ecosystem.output: The Trump coin, launched in January ahead of the inauguration, signals the president’s interest in crypto and its potential for wealth generation.

The project’s market cap quickly reached $15 billion, boosted by President Donald Trump’s posts on Truth Social and X.

First Lady Melania Trump also launched her own coin, which briefly hit $2 billion before crashing alongside .

Shortly after the launch of the and coins, the SEC issued guidance stating that meme tokens don’t qualify as securities, effectively shielding the projects from immediate regulatory scrutiny.

So far, just 20% of ’s supply has been available to trade. The remaining 80% – held by insiders – remains locked under a three-year vesting schedule. The first tranche is scheduled to unlock soon, freeing up millions of dollars worth of tokens for sale and potentially allowing President Trump and project insiders to cash in on Wednesday’s pop.

As with most meme coins, there is no underlying product or service. The project’s website claims that 80% of the token supply is held by the Trump Organization and affiliated entities.

As of January 2024, the Trump coin has lost almost all of its market value after an early rally. The coin's price surged in December 2023 following a series of posts by President Donald Trump on Truth Social and X.

In one post on December 18, Trump expressed gratitude for the coin and stated that it's time to celebrate everything they stand for: WINNING!

The project's market cap soared almost instantly to $15 billion, largely fueled by the president's posts. However, within days, the coin had lost most of its value.

First Lady Melania Trump also launched her own coin—which topped $2 billion in market value before crashing alongside the Trump coin.

The Trump coins are being sold to the public with a three-year vesting schedule. The first tranche of locked tokens is set to unlock soon, potentially allowing President Trump and project insiders to cash in on Wednesday's pop.

The administration is considering a new framework for digital asset regulation and exploring ways to promote responsible innovation in the industry.

The working group will prioritize engaging with industry stakeholders and promoting the U.S.'s competitiveness in the global digital asset industry.