The $TRUMP token, launched on the Solana blockchain, has an initial supply of 200 million tokens with plans to expand to 1 billion over three years12. The token allocation is structured as follows:

• 80% reserved for Fight Fight Fight LLC and CIC Digital LLC

• 20% split between public investors and liquidity34

This meme coin shares infrastructure similarities with Trump's previous NFT projects, utilizing Cloudflare setup, Heroku deployment, and a similar SSL certificate issuer56. The launch aligns with Trump's campaign promise to make the US the "crypto capital of the planet and the Bitcoin superpower of the world"78.

The $TRUMP token's market performance was nothing short of spectacular, with its price skyrocketing from an initial $0.18 to a peak of $7.1 within hours of launch12. This meteoric rise resulted in:

• A market capitalization reaching $15 billion

• Trading volume approaching $1 billion

• Over 49,800 buyers participating in initial trading

One trader reportedly made a staggering $20 million profit in just one hour, capitalizing on the token's 4000% surge13. The meme coin's explosive growth underscores the volatile nature of cryptocurrency markets and the potential influence of high-profile figures like Trump on investor behavior.

As of January 18, 2025, the $TRUMP token continues to exhibit significant volatility in the cryptocurrency market. The token's price currently stands at $28.66 USD, with a 24-hour trading volume exceeding $8.32 billion1. This high trading volume indicates sustained investor interest and market activity surrounding the meme coin.

The token's market capitalization has stabilized at approximately $5.73 billion. It has a circulating supply of 200 million TRUMP out of a total supply of 999.99 million1. The token's performance continues to be closely watched by investors and analysts, as it remains intrinsically linked to political sentiments and the broader cryptocurrency market trends.

Despite the initial excitement, the $TRUMP token launch has raised several red flags among cryptocurrency experts and investors. Notably, 80% of the token supply is locked in a multisignature wallet, potentially concentrating control in the hands of a few12. Questions have also arisen regarding the decision to avoid US-based exchanges, with initial funding coming from Gate.io and Binance instead of American platforms34. These concerns, coupled with the token's launch just three days before Trump's scheduled inauguration, have fueled skepticism about the project's legitimacy and long-term viability in the crypto community.