Editing Official Trump

**Official Trump** (ticker **TRUMP**) is a [[Solana]] memecoin launched by Donald Trump on the evening of 17 January 2025 (US time), three days before his second inauguration.[^1][^2]

## Lore
Trump announced the coin on Truth Social and X.[^1] Of the 1 billion supply, 200 million tokens were tradable at launch; CIC Digital LLC, a Trump Organization affiliate, and Fight Fight Fight LLC, a Delaware company, hold about 80%, unlocking over three years.[^2] The project's site says the token is "not intended to be an investment opportunity."[^2]

TRUMP rose from under $25 to a peak of $73.43 early on 19 January 2025, briefly entering CoinGecko's top 15 with a circulating market cap near $12 billion; Binance and OKX listed it that day.[^3] It fell as much as 48% the same evening when [[Melania Meme]] launched.[^4]

## Timeline
- 2025-01-17: announced on Truth Social and X[^1]
- 2025-01-19: all-time high of $73.43; Binance listing; [[Melania Meme]] launches[^3][^4]
- 2025-01-20: Trump inaugurated
- 2025-03: Financial Times estimates creators earned about $350 million from token sales and fees[^5]
- 2025-04: holder-dinner contest announced; price rises about 50% to a $2.7 billion market cap[^6]
- 2025-05-22: dinner for the top 220 holders at Trump's golf club in Virginia[^6]

## Key wallets
According to [[Bubblemaps]], one address funded about four hours before launch bought $1 million of TRUMP in the first minute, sold $20 million and still held $96 million shortly after.[^2]

## Controversies
Critics in the crypto industry accused the launch of being a "[[Rug pull|rug pull]]", and ethics concerns centred on a sitting president profiting from a token.[^2] A Financial Times analysis, reported by Cointelegraph, estimated about $314 million from token sales plus $36 million in fees went to the creators within weeks, and pointed to possible price support with $291 million in USDC.[^5]

The holder dinner drew criticism over foreign influence: Bloomberg found 19 of the top 25 wallets almost certainly belonged to people outside the US, and the top wallet, "Sun", was believed to belong to Tron founder [[Justin Sun]].[^6]

## See also
- [[PolitiFi]]
- [[Jeo Boden]]
- [[Doland Tremp]]
- [[Libra]]
- [[Celebrity memecoins]]
- [[YZY]]
- [[Broccoli]]
- [[Iggy Azalea]]

## References
1. [Trump posts send 'official' $TRUMP memecoin to $9 billion market cap](https://www.theblock.co/post/335528/trump-posts-send-official-trump-memecoin-to-9-billion-market-cap), The Block, 2025-01-18
2. [What Is TRUMP? Donald Trump's Official Solana Meme Coin Explained](https://decrypt.co/301808/what-is-trump-donald-trumps-official-solana-meme-coin), Decrypt, 2025-01-20
3. [Official Trump Solana Meme Coin Triples in Price Amid Binance, Coinbase Listings](https://decrypt.co/301739/trump-solana-meme-coin-binance-coinbase), Decrypt, 2025-01-19
4. [Donald Trump memecoin crashes 48% as Melania Trump launches her own memecoin](https://www.theblock.co/post/335637/donald-trump-memecoin-crashes-48-as-melania-trump-launches-her-own-memecoin), The Block, 2025-01-19
5. [Trump memecoin generated $350 million for creators: report](https://cointelegraph.com/news/trump-memecoin-generated-350-million-creators-report), Cointelegraph, 2025-03
6. [Trump meme coin dinner likely to include mostly non-Americans based on top $TRUMP holders](https://www.nbcmiami.com/news/business/money-report/trump-meme-coin-dinner-likely-to-include-mostly-non-americans-based-on-top-trump-holders/3617229/), CNBC via NBC Miami, 2025-05-18
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