Trump’s Crypto Coin, known as $TRUMP, is a memecoin launched just before Donald Trump’s inauguration, blending his political influence with cryptocurrency. It has become part of a broader crypto empire estimated at nearly $1 billion, according to recent financial disclosures. However, its volatility and concentrated ownership raise questions about its sustainability.
Key Points
- Trump’s Crypto Coin ($TRUMP), a memecoin, has grown into a significant asset, potentially worth nearly $1 billion, but its future is uncertain.
- Recent reports suggest Trump’s crypto ventures, including $TRUMP, have seen high market caps, though they’ve dropped from $9 billion to around $2 billion.
- The coin has sparked controversy, with critics calling it “legal corruption” and raising concerns about conflicts of interest.
- Opinions vary, with some seeing it as an entry to crypto, while others fear it could harm the industry’s reputation.
Background & History
Trump’s Crypto Coin emerged as a memecoin, a type of cryptocurrency often driven by internet culture and viral trends, launched days before Donald Trump’s inauguration. Memecoins typically lack fundamental utility but gain value through speculation and community support. This coin leverages Trump’s prominent public image, following his earlier ventures into digital assets, such as non-fungible tokens (NFTs), which saw initial popularity but declining trading volumes over time.
Trump’s deeper engagement with cryptocurrency is evident through World Liberty Financial (WLF), announced by Eric Trump last August, promising a “new era of finance.” WLF issued governance tokens, with Trump holding nearly 16 billion, valued between 1.5 and 5 cents each based on earlier sales, potentially worth nearly $1 billion, though not currently trading.
Recent Developments and Financial Metrics
Recent financial disclosures, released on Friday, June 13, 2025, provide detailed insights into Trump’s crypto holdings.
Key developments include:
- WLF earned over $57 million from token sales, with the Trump family receiving about 75% of crypto token sales, raising more than $500 million in recent months.
- A stablecoin, USD1, was used by an Emirati investment firm to invest $2 billion into Binance in May, highlighting WLF’s global financial ties.
- Trump Media and Technology Group sealed a deal in late May to raise $2.5 billion to buy bitcoin, creating a reserve, further integrating crypto into Trump’s financial strategy.
The market performance of Trump’s Crypto Coin has been volatile. It soared past $70 within two days of launch, trading at around $11 currently, with a market cap of $2.2 billion, down from $9 billion in January as can be seen in the chart below.
In May, Trump hosted a private dinner for top Trump’s Crypto Coin holders, drawing criticism for potential influence buying. The event, costing an average of $1 million per seat, was seen as a breach of presidential norms.
More updates here: Trump Coin Price Stabilizes After Post-Dinner Plunge
Another notable event was Justin Sun receiving a $100,000 Trump-branded watch for buying $20 million of $TRUMP, illustrating the intertwining of personal gain and political office.
Regulatory Environment
Trump’s Crypto Coin has sparked significant controversy, with critics labeling it “legal corruption” and a “roadmap for corruption”.
Democrats, including Senators Richard Blumenthal, Jeff Merkley, and Elizabeth Warren, have launched inquiries and proposed the “end crypto corruption” bill, endorsed by 22 Democrats, to ban such practices.
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At the Bitcoin 2025 conference in Las Vegas, attendees expressed mixed views on Trump’s Crypto Coin.
Below is quick summarization of key opinions:
Speaker/Attendee | Opinion on $TRUMP Coin | Additional Details |
---|---|---|
Seth for Privacy (VP, Cake Wallet) | Predicts novices will lose money, hurting industry’s reputation; hopes it’s an “on-ramp” to bitcoin | Concerned about meme coins; podcast at Opt Out Pod |
Ryan Nichols (Bitcoin Investor) | Loves Trump but won’t touch $TRUMP coin; compares it to Hawk Tuah coin, expects drop after a few months | Attended from Austin, Texas |
Edan Yago (Co-founder, BitcoinOS) | Calls it legal corruption, compares to brothels in gold rush, not a good use of technology | – |
Audrey Geiger (Bitcoin Investor) | Voted for Trump, likes deregulation, but won’t buy $TRUMP coin; calls it “noise” and “gambling” | – |
Jason Jisa (Vendor, USA Trump Store) | Owns bitcoin, not $TRUMP coin; stumped by it, paying attention | Wore Trump-themed sequin jacket at conference |
Keith Ammon (NH State Rep, R) | Says $TRUMP coin shouldn’t be in state crypto reserve; compares to casino chip, not long-term value | Discussed NH’s crypto reserve at The Hill on NH crypto reserve |
These reactions highlight a divide, with some seeing Trump’s Crypto Coin as a potential entry point for new investors, while others fear it could undermine the industry’s credibility. Experts like Steven Levitsky have called it “open corruption,” reflecting broader ethical concerns.
Future Outlook
The future of Trump’s Crypto Coin is uncertain, tied closely to Trump’s public image and political influence. CoinDCX predicts a potential rebound toward $12.50, but others, like Ryan Nichols, expect a drop, comparing it to other meme coins. Its concentrated ownership and lack of fundamental utility raise doubts about long-term value, especially as regulatory scrutiny intensifies.
Bitcoin fans at the conference, like Audrey Geiger, see it as “gambling,” suggesting it may not appeal to serious investors seeking stability. However, Trump’s push for crypto-friendly legislation, including the Senate’s passage of the GENIUS Act stablecoin bill on June 17, 2025, could benefit Trump’s Crypto Coin indirectly.
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