Unregulated Influence
Launched on January 17th, the Solana-based $TRUMP meme coin peaked at over $14.5 billion in market value by January 19th. Initially offering 200 million tokens, plans were made to increase the supply to 1 billion over three years.
Source: X (@realDonaldTrump)
Trump’s endorsement at 10:33 AM ET drove the meme coin’s price to $12.17 before stabilizing around $11.60. Despite the surge, it remains 84% down from its all-time high of $73.4 in January. Trading volume also spiked to its highest level since March.
Trump’s Limited Knowledge & Legal Concerns
The U.S. President previously admitted he knew little about the meme coin, stating, “I heard it was very successful. I haven’t checked.” The endorsement raised concerns from digital media attorney Andrew Rossow, who warned that leveraging public office for personal financial gain undermines regulatory trust.
In February, Rep. Sam Liccardo introduced the MEME Act, aiming to prevent federal officials and their families from profiting from meme coins, citing concerns over insider trading and foreign influence.
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Content Strategist
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