It’s a bit of a pickle, old chap! President Donald Trump’s cryptocurrency escapade has reached a milestone, with 90 million TRUMP tokens worth a whopping $930 million becoming available for trading. One does wonder, however, if the market can stomach such a massive influx of, ahem, ‘Trump change’ 🤑.
The timing, much like a badly made soufflé, has created a spot of uncertainty for investors. The token’s value has taken a bit of a tumble, losing 85% of its peak price of $73. Trading volume, on the other hand, has surged 169% ahead of the unlock, as market participants prepare for potential selling pressure from early investors and Trump-controlled companies. It’s a bit of a ‘Trump-astrophe’ 🌪️, if you will.
A Trump-tastic Token Supply
Two companies linked to Trump, CIC Digital LLC and Fight Fight Fight LLC, hold the majority of TRUMP tokens – a staggering 800 million of the 1 billion total tokens created during the launch. Bill Zanker, a longtime Trump business associate, runs Fight Fight Fight LLC, but the company’s ownership structure is as clear as mud 🌿.
The 90 million newly unlocked tokens will be distributed across four different Trump-controlled groups. The largest portion of 45 million tokens goes to “Creators and CIC Digital 2,” while “Creators and CIC Digital 1” receives 36 million tokens. Smaller allocations of 5 million and 4 million tokens go to two other Trump-controlled entities. It’s a bit of a ‘Trump-token’ 🎉, if you will.
Trump’s Wallet Gets a Boost
The token unlock adds approximately $93 million to Trump’s $6.4 billion net worth, based on current token prices around $10.30. Not too shabby, old chap! However, the broader crypto project has generated much larger profits for Trump-controlled companies – a whopping $350 million, according to a March 2025 Financial Times analysis 🤑.
A forensic analysis commissioned by The New York Times found that 813,294 wallets lost $2 billion trading the coin, while Trump’s companies profited about $100 million from trading fees alone. It’s a bit of a ‘Trump-inequality’ 🤯, if you will.
Market Mayhem and Trading Frenzy
The memecoin currently trades around $9.90, down from its January peak but up 6.5% over the past week. The token’s market capitalization sits at approximately $1.9 billion, making it one of the larger memecoins by value. Trading activity has intensified, with daily trading volume exceeding $1.25 billion and futures trading volume reaching $2.06 billion 📈.
Large investors, known as “whales” in crypto markets, have moved significant amounts of tokens to exchanges before the unlock. Data from Arkham Intel shows MemeCore transferred 1.39 million TRUMP tokens worth $13.35 million to Binance exchange, suggesting preparation for potential sales 🐳.
A Spot of Bother and a Pinch of Politics
The memecoin has faced criticism from ethics experts and political opponents who question whether a sitting president should profit from cryptocurrency trading. Senator Chris Murphy called the venture “the most brazenly corrupt thing a President has ever done” when Trump offered dinners to top token holders 🍴.
The token launch occurred three days before Trump’s second inauguration in January 2025, raising questions about conflicts of interest, especially as Trump’s administration plans regulatory changes for the cryptocurrency industry 🤔.
Representative Sam Liccardo introduced the Modern Emoluments and Malfeasance Enforcement Act (MEME Act), which would prohibit presidents and senior officials from issuing or endorsing financial assets. The legislation directly targets Trump’s crypto activities 📜.
Future Token Releases and a Dash of Drama
The July unlock represents just one part of a three-year vesting schedule that will gradually release the remaining 735 million locked tokens. The full unlock schedule extends into 2028, meaning additional supply increases will continue affecting the market 📆.
Crypto billionaire Justin Sun announced plans to purchase another $100 million worth of TRUMP tokens, potentially helping absorb some selling pressure from the unlock. Sun’s Tron blockchain network recently added support for the Trump memecoin 🤝.
What’s Next for TRUMP Coin?
The $900 million Trump memecoin unlock tests whether demand can absorb the massive supply increase. While trading volume has surged and some large investors remain committed, the token’s 85% decline from peak prices shows the risks facing investors. The event highlights broader questions about political figures profiting from cryptocurrency ventures while holding public office 🤔.
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2025-07-18 05:11