The launch of the TRUMP memecoin by Donald Trump stirred both the cryptocurrency and political spheres, reaching a market cap of $15 billion.
What is the TRUMP Memecoin?
The TRUMP token represents a unique intersection of political branding and cryptocurrency, built on the Solana blockchain. Despite its popularity, it currently offers no practical utility.
Technical Analysis and Tokenomics
The TRUMP token launched with an initial supply of 200 million tokens and a maximum supply of 1 billion, set to be reached over three years. 80% of the tokens are allocated to creators and CIC Digital, raising questions about revenue transparency.
Development Team and Corporate Structure
Behind the project stands CIC Digital Limited, previously successful with Trump's NFT collections. The company faced scrutiny due to incomplete disclosure of revenue distribution.
The TRUMP memecoin showcases success in political cryptocurrency branding supported by significant institutional forces and presidential authority, though it requires careful evaluation of risks.
