$TRUMP Meme Coin Hits $27B Valuation Amid Controversy

The $TRUMP meme token was launched in January 2025, just before President Donald Trump's second inauguration. The Solana-based cryptocurrency aimed to capitalize on the enthusiasm of his supporters and the growing trend of meme-based digital assets.

With a market capitalization of approximately $27 billion within a day, $TRUMP initially surged in value. However, critics argue that its launch raises potential conflicts of interest due to the President's involvement, as well as concerns about market manipulation and investor risks.

The token's initial release comprised 1 billion tokens, with 200 million made available to the public during an initial coin offering (ICO) on January 17, 2025. The remaining 800 million tokens are retained by two Trump-affiliated entities, CIC Digital LLC and Fight Fight Fight LLC, with plans for gradual release over the next three years.