Former U.S. President Donald Trump surprised the world by launching Official Trump (TRUMP) – a type of memecoin – just days before he returned to the White House in January 2025. From the moment it appeared, this token caused a sensation in the market, reaching a valuation of billions of USD within hours. However, this popularity also came with much controversy.
The Ups and Downs of TRUMP Token
Token $TRUMP was launched on the decentralized exchange Meteora (Solana) on January 13, 2025. Within 2 days, its price skyrocketed to $75, pushing its market capitalization to a record high. However, the upward trend did not last, and the token's price plummeted by 60% in just a week.
Currently (January 26), the market capitalization of TRUMP Token stands at $5.8 billion, down by $10 billion from its peak. This fluctuation raises doubts about whether the token is truly sustainable or just a result of hype and speculation.
The Trump Family And Wealth From Cryptocurrency
Despite the controversy surrounding TRUMP Token, the Trump family still amassed a huge fortune. According to Forbes, Donald Trump's net worth reached $6.7 billion in January 2025, placing him on the #Forbes 400 list. Notably, his cryptocurrency earnings increased to $58 billion, helping him rank among the top 25 richest people in the world.
This wealth largely comes from the tokenomics of TRUMP. With a total supply of 1 billion tokens, 80% of these are controlled by companies affiliated with the Trump Organization. Only 200 million tokens have been issued, and the remainder is expected to be released in the next 3 years, promising greater profits for the Trump family.
Ethical And Legal Controversy
Many people believe that Trump's involvement in the memecoin market could negatively impact the credibility of cryptocurrency, especially as he holds a significant leadership role. However, legal experts assert that the President and Vice President are not bound by regulations prohibiting financial interests, thus this project does not violate the law.
In a press conference, when asked about the TRUMP Token, Trump stated:
"I don't know much about this token. I just know I launched it."
This statement raises doubts about the actual level of his involvement in the project.
Other Projects Of Trump
In addition to TRUMP Token, the Trump family also controls World Liberty Financial ($WLFI) – another financial project. His family is believed to own 22.5 billion $WLFI tokens, further increasing their assets by billions of USD.
Conclusion: Opportunities And Risks
The launch of TRUMP Token not only impacts the cryptocurrency market but also sparks debates about ethics and legality. While some view it as a smart business opportunity, others are concerned that it is speculative and destabilizing to the market.
Although the future of TRUMP Token remains unclear, one thing is certain: Donald Trump continues to leverage cryptocurrency to bolster his financial and political standing. #anhbacong