#Strategy加仓BTC On January 18, 2026, the TRUMP Meme coin issued on the Solana chain celebrated its one-year anniversary. From an initial surge at opening to its current bleak state, the "turbulence" journey of this meme coin is worth reviewing.
**The Issuance Details**
Total supply of 1 billion tokens, with 200 million initially in circulation. 80% of the tokens are locked by Fight Fight Fight LLC (a Trump-related entity), unlocking over three years. The opening price of $0.1824 seemed modest, but within 12 hours it skyrocketed to $30, with a market cap reaching over 30 billion and even 80 billion dollars. Such madness obviously couldn't last—what happened afterward is well known.
**One Year Later, What’s the Situation**
As of January 2026, the TRUMP price fluctuates between $0.8 and $1.2 (slightly different across exchanges), with market cap shrinking to $1-1.2 billion, a decline of over 98% from the peak. 24-hour trading volume is between $30 million and $50 million, indicating a clear decline in market activity. Circulating supply is 250 million tokens, with long-term downward volatility, and both bulls and bears lack momentum.
On-chain data tracking shows that 764,000 people lost money on this coin. Only the earliest investors are barely profitable. But the project team has made a fortune—accumulating $324 million in trading fees that went directly into their wallets.
**What Happened Along the Way**
Melania issued tokens in January-February last year, which temporarily caused TRUMP to fluctuate, but after a quick correction, clone coins started to grow wildly. In April-May, they launched gimmicks like "Holder’s Dinner," which briefly fueled speculation, but the trend remained unchanged.
Even more painfully, this incident drew attention from U.S. lawmakers—many legislators are considering legislation to ban public officials from issuing personal crypto assets. The market began to worry about compliance risks, and the bubble label became hard to shake.
**Market Insights**
In the short term, SOL and the entire Solana ecosystem did ride the hype, with SOL prices also rising in tandem. The meme coin sector’s sentiment temporarily heated up, which is certain. But in the long run, TRUMP’s actions exposed the speculative nature of meme coins, prompting regulators to tighten their scrutiny. Investors’ vigilance toward celebrity tokens has significantly increased, and the market is accelerating its de-bubbling process.
$ETH In this round of reshuffling, it performed relatively stably, which instead highlights the risks of purely speculative tokens.