Crypto enthusiasts are buzzing about the latest digital token to hit the market – TRUMP. The controversial cryptocurrency, which launched just before Trump’s presidential inauguration, has already made waves by briefly surpassing Dogecoin’s fully diluted valuation and reaching a staggering $75 billion post-launch.
Now, buyers of Trump-branded merchandise are in for a treat. Three TRUMP tokens, currently valued at approximately $50, await eligible customers who purchased items from authorized websites before February 15, 2025. The qualifying products include watches, fragrances, sneakers, and NFTs – because apparently, presidential merchandise now extends beyond the traditional campaign button. Customers need to act quickly as they have until March 1 to claim their tokens.
Built on the Solana blockchain, TRUMP tokens have seen their fair share of drama. After hitting dizzying heights, the price plummeted over 77% from its all-time high. Currently trading at $17.23, it’s down 8.32% in the last 24 hours – proving that even presidential tokens aren’t immune to market volatility. The platform’s selection of Solana ensures fast transaction speeds for all token holders.
The token’s distribution raises eyebrows: 80% is held by Trump-owned entities, while only 20% was sold during the initial coin offering. Of the total 1 billion tokens, 200 million are in circulation, with the remaining 800 million set to release over three years. Talk about keeping it in the family.
While the token can be used for payments on Trump-branded websites and even on travel booking site Travala, it’s stirring up quite the ethical debate. It’s the first time a sitting president has been associated with a memecoin, raising concerns about potential conflicts of interest and the intersection of political power and cryptocurrency.
The project’s future now rests in the hands of its dedicated community following the initial developer’s exit. With no staking options currently available and a disclaimer stating no direct affiliation with Trump or his organization, this token perfectly embodies the wild west of crypto – where politics, digital assets, and internet culture collide in unexpected ways.
