TRUMP COIN ($TRUMP) is a meme cryptocurrency launched on January 17, 2025, just days before Donald Trump’s second presidential inauguration. Built on the Solana blockchain, it was marketed as the “only official Trump meme” and quickly became one of the most talked-about crypto launches of the year.
Key Milestones
Launch and Initial Hype:
1 billion tokens were created, with 200 million released to the public and 800 million retained by Trump-affiliated companies.
The coin’s price surged from around $1.20 to over $70 within hours after Trump officially endorsed it on social media.
Market capitalization briefly exceeded $14 billion, making it one of the top cryptocurrencies by value.
Volatility and Controversy:
After the initial surge, the price dropped sharply, demonstrating the extreme volatility typical of meme coins.
The project faced criticism for centralization, as most tokens were held by Trump-owned entities, and for potential conflicts of interest due to Trump’s presidential role.
Analysts and media highlighted concerns about pump-and-dump risks and the large number of investors who lost money trading the coin.
Ongoing Developments:
The coin’s value has remained highly sensitive to Trump’s political actions, announcements, and policy decisions.
Special promotions, such as exclusive dinners for top holders, caused further price spikes and speculation.
The majority of tokens are scheduled for gradual release over three years, impacting supply and market dynamics.
Market Impact:
The launch of TRUMP COIN led to a wave of copycat and fraudulent Trump-themed tokens, further complicating the market for investors.
Despite its volatility, the coin continues to attract attention due to its unique blend of political branding and speculative trading.
