TRUMP Meme Coin Plummets Over 96% Since Launch
The TRUMP meme coin was launched on Solana on January 17, 2025, and quickly gained attention for its rapid price increase. Within 48 hours of launch, it peaked at $73.43, but has since dropped to near $2.44 as of September 2026.
The token's structure is designed to favor insiders, with 80% of the one billion token supply controlled by CIC Digital and Fight Fight Fight LLC through staged vesting schedules extending into 2028. This has led to persistent sell pressure on the open market, contributing to the sustained price decline.
Nearly one million investors collectively lost $3.81 billion while Trump and his partners earned an estimated $400 million in trading fees, according to Forbes. The Senate Banking Committee has requested that the SEC investigate whether the coin constitutes an illegal scam or rug pull against retail investors.