On January 17, 2025, President-elect Donald Trump unveiled his Official $TRUMP Token, on the Solana blockchain. Announced via his Truth Social and X accounts, the token rapidly gained traction, reaching a market capitalization of over $9 billion within three hours of its launch.Â
The official $TRUMP token’s distribution plan includes an initial release of 200 million tokens, with a total supply set to reach 1 billion over the next three years. Notably, 80% of the tokens are allocated to CIC Digital LLC and Celebration Cards LLC, entities associated with Trump’s previous NFT ventures, to be vested over three years. The remaining allocation comprises 10% for public distribution and 10% for liquidity purposes.
Despite initial skepticism due to the prevalence of celebrity-endorsed token scams, the legitimacy of the $TRUMP token was reinforced by its association with CIC Digital LLC, the same entity behind Trump’s NFT trading cards. This connection, along with the sustained presence of the announcement on Trump’s official social media accounts, helped alleviate concerns.
The launch of the official $TRUMP token aligns with President-elect Trump’s increasing involvement in the cryptocurrency sector. Between 2022 and 2024, he released several NFT collections and supported World Liberty Financial, a decentralized finance platform. His political campaign also embraced a pro-crypto stance, further integrating digital assets into his public persona.
As the official $TRUMP token continues to generate significant interest, it exemplifies the growing intersection of politics and cryptocurrency, highlighting the potential for digital assets to influence both financial markets and political landscapes.
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