Donald J. Trump is linked to the $TRUMP memecoin, which is facing significant market fluctuations. The coin, launched on the Solana network, has seen its value plummet over 90% since April 2025.
The incident highlights the risks of meme coins tied to public figures, impacting community sentiment and raising concerns about market manipulation due to the heavy token concentration.
Trump-Linked Memecoin Plummets Over 90%
The $TRUMP memecoin, associated with Donald J. Trump, has seen considerable volatility. High-profile promotional activities aim to enhance the coin’s visibility and market demand, despite substantial price drops and centralization concerns.
This initiative, involving CIC Digital LLC and Fight Fight Fight LLC, controls 80% of the token supply, raising potential manipulation concerns and limited institutional involvement.
Memecoin’s Dramatic Fall Sparks Community Alarm
The token’s drastic price fall, from approximately $75 to $8, raises alarms within the crypto community. Its volatility highlights challenges in speculative investments amid unusual ownership structures.
Analysts note political affiliations potentially driving sentiment-based trading, with speculative behavior outpacing technological advancements in the memecoin sector, sparking diverse market reactions.
Comparisons to Dogecoin’s Musk-Led Surge
Similar to Dogecoin’s surge with Elon Musk’s influence, the $TRUMP memecoin reflects political sentiment rather than market fundamentals, a pattern seen in past instances of celebrity-endorsed digital assets.
Experts, like former CFTC Chair Chris Giancarlo, highlight the potential conflict of interest, emphasizing the speculation risks versus regulatory measures, in line with Trump’s deregulatory stance on digital markets.
Trump’s allies have acted as advocates for blockchain and digital assets. – Chris Giancarlo, Former CFTC Chair
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