What is Trump’s meme coin?

In January 2025, Donald Trump introduced a new cryptocurrency called TRUMP, a meme coin launched just days before his presidential inauguration. The coin, which has no inherent value, is driven entirely by speculation, with its price fluctuating based on public interest and trading volume. CIC Digital LLC, a company affiliated with the Trump Organization, spearheaded the coin’s release. The announcement took place at the Crypto Ball, a gathering of crypto industry leaders, catching many by surprise.

The TRUMP coin has been a major talking point, especially after Melania Trump followed suit with the launch of her own meme coin, MELANIA. Both coins gained traction in the crypto space, with TRUMP reaching the 25th spot in market value on CoinMarketCap. However, the price has experienced significant volatility, peaking at $75 before dipping to around $43. The Trump Organization reportedly controls 80% of the TRUMP coin’s supply, raising concerns about potential price manipulation, as the coins’ creators can effectively dictate market trends.

Many crypto enthusiasts and critics see the launch as a cash grab, with some questioning its legitimacy. The lack of inherent value and high volatility make meme coins particularly speculative and risky investments. As TRUMP coin is primarily driven by loyalty and hype, its future remains uncertain.

There are also growing concerns about ethical implications. Critics argue that Trump’s involvement in the launch could lead to conflicts of interest, particularly as he holds a stake in a market he may regulate. This raises questions about potential foreign influence and the long-term impact on the crypto market’s integrity.

Disclaimer: The information in this article is for informational purposes only. It does not constitute financial advice.