- The official Donald J. Trump memecoin, TRUMP, launched January 18, 2025, has seen substantial losses since its debut.
- Initial market capitalization was $5.8 billion, peaking at about $8.8 billion four days post-launch.
- The Trump family and related firm CIC Digital held 80% of the token supply, valued around $7 billion at peak market cap.
- Public disagreement arose over a proposed TRUMP crypto wallet, with Donald Trump Jr. and Eric Trump distancing themselves, promoting World Liberty Financial’s wallet plan instead.
- TRUMP’s market value has since declined approximately 86% from its peak, currently around $1.2 billion.
The official Donald J. Trump memecoin, TRUMP, was launched on January 18, 2025. Despite early endorsements from Donald Trump’s sons, the token’s value has drastically declined within months after its release.
At launch, CoinGecko data showed the memecoin’s market capitalization at $5.8 billion. Shortly after, its market cap peaked near $8.8 billion on January 22. The project website stated that 80% of the total token supply was reserved for the “creators and CIC Digital,” a firm linked to the Trump family, which valued their stake at $4.6 billion initially and roughly $7 billion at peak capitalization.
Eric Trump promoted the coin on launch day, tweeting that $Trump is currently the hottest digital meme on earth. Donald Trump Jr. followed suit the next day with an identical endorsement. The meme coin’s value dropped significantly over the next several months.
In early June, controversy emerged when the TRUMP memecoin team announced plans to launch a crypto wallet. Donald Trump Jr. publicly denied involvement in this wallet project and clarified that neither he nor Eric Trump had knowledge of it. Instead, they promoted a separate initiative by World Liberty Financial, a company that has been working on its own crypto wallet, which remains unreleased after more than four months, listed as “coming soon” on the firm’s official site.
Around June 3, TRUMP’s market capitalization had fallen to $2.2 billion, representing a 75% drop from its peak. On June 6, Eric Trump announced that $TRUMP Memecoin has aligned with World Liberty Financial, adding that the company plans to acquire a significant stake in the token for its long-term treasury. At this point, the memecoin’s market cap was approximately $1.9 billion.
Since that announcement, the memecoin’s market value continued falling, currently standing near $1.2 billion. This marks an overall decline of about 86% since the token’s high in January. For context, Bitcoin’s market capitalization has grown roughly 12% during the same period.
These developments have drawn criticism from lawmakers and regulatory groups concerned about the influence of crypto ventures linked to political figures.
Read more: official TRUMP memecoin website, Eric Trump’s endorsement, Donald Trump Jr.’s endorsement, Donald Trump Jr. on wallet project, Eric Trump on alignment with World Liberty Financial.
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