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#$TRUMP Continues to Rise
President-elect Donald Trump recently launched a new cryptocurrency token called $TRUMP, which has experienced significant volatility since its release. Initially priced at $0.18, the token's value surged to a peak of $33.78 before stabilizing below $27.
Investor's Business Daily
As of January 19, 2025, the price of $TRUMP is approximately $9.20, with a 24-hour trading volume of $1.09 billion and a market capitalization of $1.83 billion.
The $TRUMP token was launched just days before Trump's inauguration and is built on the Solana network. The total supply is capped at 1 billion coins, with 200 million initially available. Notably, 80% of the supply is held by Trump-affiliated entities CIC Digital LLC and Fight Fight Fight LLC, subject to a three-year release schedule.
MarketWatch
A disclaimer on the coin's website emphasizes that the tokens are not intended as investment opportunities but as symbols of support for Trump's ideals.
MarketWatch
The launch of $TRUMP has sparked discussions about potential conflicts of interest, as the token's rapid appreciation could significantly increase Trump's net worth ahead of his presidency. Critics argue that his financial interests in the cryptocurrency sector, coupled with plans to deregulate the industry, present major ethical concerns.