In January, President Donald Trump introduced his cryptocurrency just before his inauguration, the TRUMP coin, built on the Solana blockchain.
Initially priced at around $3 per token, TRUMP experienced a meteoric rise, surpassing $70 in just a few days and achieving a peak market capitalization of approximately $14 billion. Most of the coin's supply — 80% — is controlled by Trump-associated entities, CIC Digital LLC and Fight Fight Fight LLC, with plans for a phased release over three years.
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