President-elect Donald Trump launched the $TRUMP meme coin on January 17, 2025, just days before his inauguration. Built on the Solana blockchain, the token's initial release comprised 200 million coins, with plans to expand the total supply to 1 billion over three years. Notably, 80% of the tokens are held by entities linked to Trump, including CIC Digital LLC and Fight Fight Fight LLC, with a three-year lock-up period to prevent sudden large sales.

Following its launch, $TRUMP experienced a significant surge in value. Initially priced at $0.18, the coin's value peaked at $21.51, reaching a market capitalization of $8 billion and trading volumes near $1 billion. This rapid appreciation underscores the strong influence of the Trump brand and the enthusiasm of his supporters.
However, the timing of the launch and the substantial insider holdings have raised concerns about potential conflicts of interest and ethical implications. Critics argue that introducing a personal financial venture so close to assuming office could blur the lines between public duties and private interests.
As of January 19, 2025, $TRUMP is trading at approximately $2.87, with an intraday high of $3.30 and a low of $1.38. The current market capitalization stands at $1.95 billion, reflecting the coin's volatility and the speculative nature of meme-based cryptocurrencies.
In summary, the launch of the $TRUMP meme coin has made a notable impact on the cryptocurrency market, blending political branding with digital assets. While it has attracted significant investor interest, it also prompts important discussions about ethics, market influence, and the responsibilities of public figures engaging in private financial enterprises.
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