Trump Memes ($TRUMP) are fungible crypto assets issued on the Solana blockchain. The token is framed as a symbolic representation of resilience, inspired by Donald Trump and marketed to commemorate his leadership. ^[1]

Overview

Trump Memes are fungible crypto assets issued on the Solana blockchain. The $TRUMP token was launched with a limited initial supply of 200 million coins, set to expand to 1 billion over three years. Following its launch, $TRUMP saw rapid price increases, briefly reaching a market cap of $15 billion before stabilizing at a market cap of $9.36 billion.

The token's developers, including the Trump Organization affiliate CIC Digital LLC and Fight Fight Fight LLC, retain 80% of the tokens, with plans to derive revenue from trading activity. $TRUMP is marketed as a digital collectible rather than a traditional investment or security, and its value appears closely tied to Donald Trump’s public and political presence. The official website avoids using the term cryptocurrency instead referring to $TRUMP as a "fungible crypto asset." It is positioned more as a symbolic representation than a conventional financial asset, with its future closely watched due to its connections to Trump-related entities. ^{[2] [3]}

Criticism

The launch of $TRUMP shortly before Donald Trump's presidential inauguration has raised conflict of interest and ethical concerns. Experts note that these tokens, issued by CIC Digital LLC and Fight Fight Fight LLC, could lead to financial conflicts as Trump's administration oversees an industry in which he has a direct stake. Collectively owning 80% of the tokens, Trump-linked businesses may have gained $8 billion in crypto value over the weekend.

Critics, including ethics watchdogs and lawmakers, highlighted potential national security risks. They cited the unregulated nature of crypto markets, which could allow foreign actors, including sanctioned individuals, to profit from the tokens. While marketed as "fungible crypto assets" and expressions of support, some see these tokens functioning like fan tokens, serving as a measure of public support for the Trump family. ^[4]

Tokenomics

$TRUMP has a maximum supply of 1B tokens and has the following distribution: ^[1]

• Creators & CIC Digital 1: 36%- Creators & CIC Digital 2: 18%- Creators & CIC Digital 3: 18%- Liquidity: 10%- Public Distribution: 10%- Creators & CIC Digital 4: 4%- Creators & CIC Digital 5: 2%- Creators & CIC Digital 6: 2%