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$TRUMP Meme Coin Launched & Surges

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Created: 2025-01-19

Updated: 2025-01-20

Created: 2025-01-19 23:29

Updated: 2025-01-20 07:50

On January 17, 2025, Donald Trump, on the eve of his inauguration, launched a cryptocurrency in his own name, '$TRUMP,' creating a sensation. Trump announced the launch of this coin via his social media platforms, Truth Social and X (formerly Twitter).


Features of the $TRUMP Coin

Trump Coin Thumbnail Image


This coin, known as 'Official Trump' or 'TRUMP,' is built on the Solana blockchain. Immediately after its launch, it received explosive interest, with its market capitalization exceeding \$14 billion within hours, and its 24-hour trading volume approaching \$1 billion.

The initial price of the $TRUMP coin was \$0.18, but within hours of its launch, it soared to \$7.1 and later rose to around \$30. This represents a return of over 4000%, with some early investors reportedly making enormous profits in a short period.


Meme Coin Characteristics and the Structure of $TRUMP

1. Meme Coin

A meme coin is a cryptocurrency created based on internet memes, trends, or celebrities. Most meme coins prioritize humor and fun rather than practical value, characterized by their high speculative nature.

2. $TRUMP Coin Issuance Structure

The total issuance of $TRUMP coins is 1 billion, of which 200 million were initially circulated. The remaining 800 million will be released gradually over the next three years. Notably, 80% of the total supply is held by CIC Digital LLC and Fight Fight Fight LLC, Delaware-based companies that are subsidiaries of the Trump organization.


Controversy and Concerns

The rapid growth of the $TRUMP coin has attracted much attention, but it has also raised several concerns.

1. Ethical Issues and Uneven Token Distribution

Ethical concerns have been raised about a president-elect launching a personal business venture just before his inauguration. Furthermore, the fact that Trump-related companies hold 80% of the total supply raises concerns about the possibility of market manipulation.

2. Regulatory Issues and Overheated Speculation

There are concerns about how Trump's inauguration as president will affect cryptocurrency regulation. It's also pointed out that, given the nature of meme coins, their price is likely to be influenced by speculation rather than intrinsic value.


The Future of $TRUMP Coin and its Impact on the Cryptocurrency Market

The emergence of the $TRUMP coin has significance beyond the mere launch of a cryptocurrency. Because it is a cryptocurrency directly involving the next U.S. president, it could significantly impact future U.S. cryptocurrency policy.

1. Changes in Trump's Cryptocurrency Policy

Trump previously expressed skepticism towards cryptocurrencies during his previous term, but recently he has declared his intention to "make America the capital of crypto," indicating a change in stance. This has led to expectations that U.S. cryptocurrency policy may become more favorable in the future.

2. Concerns and Expectations

However, there are also concerns that the president's personal interests could influence national policy. News that he plans to appoint a cryptocurrency supporter as the head of the Securities and Exchange Commission (SEC) is fueling these concerns.

Conclusion: Questions Posed by the $TRUMP Coin

The launch of the $TRUMP meme coin has injected new vitality into the cryptocurrency market, but it also raises many questions. Various issues are being raised, including the boundaries between a politician's personal business and public responsibility, the direction of cryptocurrency regulation, and the value of meme coins.

It is necessary to observe how the $TRUMP coin will develop in the future and what impact it will have on the cryptocurrency market and U.S. policy. Investors should make cautious decisions, considering these various factors comprehensively, rather than being swayed by high returns.

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