TRUMP memecoin, explained
The Trump-themed memecoin surged to a multibillion-dollar valuation despite lacking a white paper, a roadmap or a clear purpose beyond speculation.
Launched on Jan. 17, 2025, on the Solana blockchain, the TRUMP memecoin quickly became one of the most controversial political tokens to date. Though marketed with Donald Trump’s name, the project initially disclaimed any political or financial purpose.
Within 48 hours of launch, Official Trump (TRUMP) reached a market capitalization of over $27 billion, briefly ranking among the top 20 cryptocurrencies globally. However, the token soon crashed by nearly 70%, reflecting the extreme volatility that often defines memecoin hype vs. reality.
Despite its viral success, the project has no white paper, no publicly named development team and no roadmap, raising red flags for transparency, investor protection and long-term viability. Meanwhile, the token has generated millions in trading fees, mostly benefiting the two Trump-linked entities: CIC Digital and Fight Fight Fight.
Did you know? Trump’s wife, Melania, launched her own memecoin, Official Melania Meme (MELANIA), just 48 hours after TRUMP, further angering even pro-Trump crypto investors.
Trump memecoin controversy: Who benefits and who doesn’t?
Most of the token’s supply and profits go to Trump-linked entities, raising ethical and legal questions about investor exploitation.
The Trump memecoin project status is unusual even by crypto standards. The token’s smart contract directs a large share of trading fees (estimates suggest over $320 million and counting) toward two opaque entities: CIC Digital and Fight Fight Fight.
These groups are widely believed to be connected to Trump’s allies, although no formal declarations have been made. According to NBC News, these two entities reportedly control nearly 80% of the token supply.
That’s where the Trump memecoin controversy deepens. While Trump himself hosted a private dinner in May for top tokenholders at Mar-a-Lago, ethics watchdogs have raised alarms. Senator Jeff Merkley likened Trump’s TRUMP-token dinner to “the Mount Everest of American corruption,” calling the seven-figure pay-to-dine scheme an ethics outrage.
Did you know? Seats at Trump’s private TRUMP “VIP dinner” cost buyers over $1 million each, raising concerns…
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