The post Trump Coin: Growth, Risk, Investment Insights appeared first on Coinpedia Fintech News
Amid a potential crypto bull run, the newly launched Official Trump (TRUMP) meme coin has attracted widespread attention from crypto enthusiasts due to its impressive price spike. Today, January 18, 2024, US President-elect and cryptocurrency supporter Donald Trump posted on X (formerly Twitter), unveiling a new meme coin named Official Trump (TRUMP).
My new official Trump meme is here! It’s time to celebrate everything we stand for: victory! Join my special Trump community. Please get it $Trump now. Visit https://t.co/GX3ZxT5xyq — Enjoy! pic.twitter.com/flIKYyfBrC
— Donald J. Trump (@realDonaldTrump) January 18, 2025
TRUMP price performance
Since this post was published on This equates to an increase of almost 790% in less than 24 hours.
Source: CoinMarketCap
However, this new meme coin always seems to attract new investors as it is associated with Donald Trump who officially revealed this project to the crypto community. On the other hand, Mr. Trump is a supporter of cryptocurrencies, and the American people elected him as the new president, with his inauguration ceremony scheduled for January 20, 2025.
Considering these factors, it looks like TRUMP could be the next big thing in the cryptocurrency space. But this is the positive side that everyone is aware of now.
Risks related to Trump
Despite significant attention from traders, investors, and crypto whales, one concern that is causing alarm is the distribution of TRUMP’s holdings. According to Phantom Wallet data, the top 10 holders currently own 86.47% of the total supply, which is susceptible to pump-and-dump schemes, price manipulation, and other potential risks. It means something.
Source: Phantom
Currently, only 200 million TRUMP coins are in circulation, but the maximum supply is 999.99 million coins. This means that 800 million TRUMP meme coins are still out of circulation, which could create selling pressure and lead to further price declines.
Trump sold for $500 million?
In addition to this, a crypto expert named Connor recently posted on X pointing out that President Trump has sold nearly $500 million worth of meme coins so far. He added that the Trump campaign controls 85% of the supply.
As far as I can see on-chain, Trump has sold about $500 million in tokens so far. Trump team still controls 85% of supply pic.twitter.com/p4CcRFdrV0
— Connor (@jconorgrogan) January 18, 2025
These are the pros and cons of TRUMP Meme Coin, so be sure to do thorough research before making any long-term or long-term investments.
