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| Denominations | |
|---|---|
| Code | TRUMP |
| Development | |
| Initial release | January 17, 2025; 2 days ago (2025-01-17) |
| Ledger | |
| Supply limit | 1 billion |
| Website | |
| Website | gettrumpmeme |
$Trump, also known as Official Trump (stylized in all uppercase), is a cryptocurrency associated with Donald Trump, hosted on the Solana blockchain.
History
Donald J. Trump @realDonaldTrump My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW. Go to gettrumpmemes.com/ — Have Fun!
January 18, 2025
It was launched on January 18, two days before Trump is due to be inaugurated as president of the United States. The lack of an initial announcement led to concerns that the cryptocurrency was a scam and had no association to the president-elect. Trump announced TRUMP several hours later on his X and Truth Social accounts. The coin bears an image of Trump from his attempted assassination in July 2024. Its website described it as the "only official Trump meme". A disclaimer said that the coin was "not intended to be, or the subject of" an investment opportunity or a security and was "not political and has nothing to do with" any political campaign, political office or government agency.
Token distribution
Ownership of the token is largely concentrated in two Trump Organization–affiliated entities: CIC Digital LLC and Fight Fight Fight LLC, which together hold 80 percent of the total supply. These holdings are scheduled for gradual release over three years. Vesting and distribution schedule is given below:
| Group / Allocation | % of Total Supply | Unlocked at TGE | Lockup Duration | % Unlocked at Cliff | Cliff Timing | Vesting After Cliff | Unlock Frequency |
|---|---|---|---|---|---|---|---|
| Creators & CIC Digital, 1 | 36% | 0% | 3 months | 10% | At 3 months | 24 months (linear) | Daily |
| Creators & CIC Digital, 2 | 18% | 0% | 6 months | 25% | At 6 months | 24 months (linear) | Daily |
| Creators & CIC Digital, 3 | 18% | 0% | 12 months | 25% | At 12 months | 24 months (linear) | Daily |
| Creators & CIC Digital, 4 | 4% | 0% | 3 months | 10% | At 3 months | 24 months (linear) | Daily |
| Creators & CIC Digital, 5 | 2% | 0% | 6 months | 25% | At 6 months | 24 months (linear) | Daily |
| Creators & CIC Digital, 6 | 2% | 0% | 12 months | 25% | At 12 months | 24 months (linear) | Daily |
| Liquidity | 10% | 100% | 0 months | N/A | No cliff | N/A (already 100%) | N/A |
| Public Distribution | 10% | 100% | 0 months | N/A | No cliff | N/A (already 100%) | N/A |
Reception
The release of Trump Meme was condemned by ethics lawyers, including Adav Noti, the director of the Campaign Legal Center, and Jordan Libowitz, the vice president for communications at Citizens for Responsibility and Ethics in Washington. Nick Tomaino, a former executive at Coinbase, described Trump's ownership and the timing of the cryptocurrency as "predatory". Anthony Scaramucci, a former White House Communications Director during the first Trump administration, described the coin as "Idi Amin level corruption" and said that the launch of the coin was bad for the cryptocurrency industry.
See also
- World Liberty Financial, a decentralized finance project linked with the family of Donald Trump
- Hawk Tuah meme coin ― another meme coin hosted on Solana blockchain
- Trump Rebate Banking system
References
- Macheel, Tanaya (January 18, 2025). "Solana surges 12% on launch of Trump-themed meme coin, ether falls". CNBC. Retrieved January 19, 2025.
- "My NEW Official Trump Meme is HERE!".
- "Trump launches his own meme coin, and its value soars to billions overnight". South China Morning Post. Agence France-Presse. January 19, 2025. Retrieved January 18, 2025.
- Snider, Mike (January 18, 2025). "Trump mints $31 billion with new official $TRUMP crypto meme coin". USA Today. Retrieved January 18, 2025.
- Lipton, Eric (January 18, 2025). "Trump Begins Selling New Crypto Token, Raising Ethical Concerns". The New York Times. Retrieved January 18, 2025.
- Ishmael, Stacy-Marie (January 19, 2025). "Crypto Fans Bid Up Trump-Branded Token Days Before Inauguration". Bloomberg.
- ^ Faguy, Ana (January 18, 2025). "Trump launches cryptocurrency with price rocketing". BBC News. Retrieved January 18, 2025.
- Massa, Annie (January 19, 2025). "Trump's Memecoin Creates Billions From Thin Air Before DC Return". Bloomberg.
- "Trump launches meme coin, $TRump days before return to White House". www.bbc.com. Retrieved January 19, 2025.
- "Token distribution".
- ^ Lipton, Eric (January 18, 2025). "Trump Begins Selling New Meme Coin Days Ahead of Inauguration". The New York Times. Retrieved January 18, 2025.
- Goodman, Jasper (January 18, 2025). "Trump launches crypto meme coin, ballooning net worth ahead of inauguration". Politico. Retrieved January 18, 2025.
- Goodman, Jasper (January 18, 2025). "Trump launches crypto meme coin, ballooning net worth ahead of inauguration". Politico. Retrieved January 18, 2025.
