What is OFFICIAL TRUMP token? The coin launched abruptly days before the presidential inauguration, but is the team behind it trustworthy?
1. What is the OFFICIAL TRUMP token ($TRUMP)
The OFFICIAL TRUMP ($TRUMP) is a meme coin built on the Solana blockchain that portrays the figure of US President Donald Trump with the words ‘Fight, Fight, Fight’.
According to its official website, GetTrumpMemes.com, the token aims to celebrate Trump’s leadership and embody the spirit of his campaign slogan which gained prominence during a campaign event on July 13, 2024.
Unlike traditional cryptocurrencies, $TRUMP positions itself as a cultural symbol designed to foster a sense of community and optimism among Trump supporters, rather than as a conventional investment vehicle.
2. The Launch of the OFFICIAL TRUMP token
The token’s launch was highly publicised through Trump’s social media platforms, including Truth Social and X, where he enthusiastically promoted it as a means to “celebrate everything we stand for”
The campaign was bolstered by airdrops for early adopters, which helped fuel its rapid rise. Within hours of its release, $TRUMP experienced a meteoric surge in value, skyrocketing over 4,200%.
While the token has captivated Trump’s supporters and generated significant market momentum, it has also sparked debate regarding its ethical implications, long-term viability, and potential regulatory challenges.
3. Which Project Created the OFFICIAL TRUMP Token?
The token is linked to CIC Digital LLC, the same entity responsible for Donald Trump’s previous NFT collections, as well as Fight Fight Fight LLC. Together, these entities control 80% of the token’s total supply.
While it is still unclear if these entities represent Donald Trump in launching the OFFICIAL TRUMP token, the official website’s terms and conditions state that Fight Fight Fight LLC’s website, GetTrumpMemes.com, clarifies that Trump Memes are expressions of support, not political endorsements, which has raised concerns of hacks or unlicensed usage of Trump’s branding.
4. What Inspired the OFFICIAL TRUMP Token?
The OFFICIAL TRUMP token draws inspiration from an iconic image of Donald Trump bleeding from his right ear, clenching his fist in the air, and shouting “Fight, fight, fight.”
This image originates from a pivotal moment on July 13, 2024, when Trump survived an assassination attempt during a rally in Pennsylvania. The meme coin highlights Trump’s moment of holding his own despite being wounded.
5. Tokenomics of the OFFICIAL TRUMP Token
The OFFICIAL TRUMP token is built on the Solana blockchain, similar to POPCAT and PENGU, and is valued for its speed and low transaction fees. With a total supply of 1 billion tokens, only 200 million were released at launch, while the remaining 80% are locked and set to be unlocked gradually over three years.
Emission Duration: 36 months
Circulating Supply at TGE: 200 million tokens
Maximum Cards Supply: 1 billion tokens
$TRUMP Distribution by Group
Creators and CIC Digital Groups: 90%
Liquidity: 10%
Public Distribution: 10%
6. Where to Buy OFFICIAL TRUMP token
The token can be bought on the official website. A number of centralised crypto exchanges like Crypto.com Exchange, OKX, and Binance, have also listed the OFFICIAL TRUMP coin.
7. Conclusion
The OFFICIAL TRUMP token has achieved a multi-billion-dollar market cap within hours of its launch. While the meme coin garnered attention from both retail traders and prominent figures, it also invites scrutiny especially if the President-elect is involved in the creation of the asset and launch, which is conveniently a few days before his inauguration.
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Disclaimer: This information is intended for general knowledge and informational purposes only, and does not constitute financial advice. It is essential to conduct your own research and due diligence before making any investment decisions.
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