Propose an edit: Official Trump

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Title Category One sentence summary Infobox, one "key: value" per line Article body, markdown, use [[wiki links]] and end with a ## References section

Official Trump (TRUMP) is a meme coin on the [[Solana]] blockchain launched on January 17, 2025, by then President elect [[Donald Trump]] through affiliated entities. Its launch, three days before the inauguration, was the largest [[celebrity coin]] event in crypto history and reshaped, then arguably broke, the meme coin market.

## Origin

Trump posted on Truth Social and mirrored on X the night of January 17, 2025: "My NEW Official Trump Meme is HERE! It's time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW." The attached image showed Trump with a raised fist and the words "Fight Fight Fight" superimposed on it. Of the planned one billion supply, 200 million circulated at launch, with 80 percent of the total allocated to Trump affiliated entities CIC Digital LLC and Fight Fight Fight LLC, subject to unlock schedules. "Fight Fight Fight LLC" takes its name from the phrase Trump mouthed while raising his fist after being wounded in the July 13, 2024 assassination attempt in Butler, Pennsylvania, a photo that became the defining image of his 2024 campaign and a MAGA rallying cry printed on shirts and signs for months afterward. The launch used Solana rails and was framed as a celebration meme rather than an investment, per its own disclaimers. The official promotional account, @GetTrumpMemes, had about 149,000 followers and was still posting as late as April 2026, drawing hostile replies from burned holders, for example one reading "This could have been a successful coin. But you guys were greedy and destroyed the community" (natemandel1, April 14, 2026).

## Market history

TRUMP went vertical through the weekend of January 18 and 19, 2025, reaching an all time high around 75 dollars on January 19. At that price, the 200 million circulating tokens implied a circulating market capitalization of about 15 billion dollars, while the full 1 billion token supply implied a fully diluted valuation of about 75 billion dollars, a distinction most coverage collapses into a single number. Forbes and others tracked it surging past major established tokens within 48 hours. The launch of [[Melania]] on January 19 coincided with a roughly 40 percent drawdown in TRUMP, and the pair's collapse pulled liquidity out of the entire meme complex; many traders date the end of the 2024 to 2025 meme supercycle to that weekend.

Onchain analytics firm [[Bubblemaps]] identified a wallet funded with 1 million dollars about four hours before the public launch that bought 5.9 million dollars of TRUMP in the first minute and later sold 20 million dollars while keeping 96 million dollars in tokens; a second trader allegedly paid an 84,000 dollar bribe to jump the transaction queue and bought TRUMP within the first second, with onchain links tracing to an address that had previously held the handle naseem.sol. The trader known as Naseem denied advance knowledge of the launch. [[Hayden Davis]], the self described launch strategist behind the [[LIBRA scandal|LIBRA]] collapse in Argentina, later told Coffeezilla in an interview that select insiders were sold early access to TRUMP before its public launch, implicating both Trump and Melania Trump's teams; Davis made about 100 million dollars from LIBRA before it wiped out roughly 250 million dollars from about 10,000 investors. Chainalysis and Merkle Science estimated the entities behind TRUMP had collected between about 86 million and 100 million dollars in trading fees within the first two weeks after launch, most of it flowing through [[Meteora]]; Reuters could not determine what portion, if any, accrued to Trump personally versus other entity owners. By February 2025, Fortune reported thousands of TRUMP investors had collectively lost about 2 billion dollars in the weeks after launch while the family and its partners collected about 100 million dollars in fees, with at least fifty of the largest holders individually profiting more than 10 million dollars each even as roughly 200,000 mostly small wallets lost money.

In April 2025 the project announced a gala dinner for the top 220 holders, held May 22, 2025, at Trump National Golf Club in Virginia; attendees spent an estimated 148 million dollars on the token to qualify, and critics in Congress and the press described the event as selling access to the presidency. [[Justin Sun]], founder of Tron, topped the holder leaderboard with about 18.5 to 18.6 million dollars in tokens to win the top dinner seat; he had separately invested 75 million dollars in the Trump linked World Liberty Financial platform, bringing his total spend on Trump branded crypto ventures to about 93 million dollars. Bloomberg's analysis of the dinner leaderboard found 19 of the top 25 TRUMP holders were likely foreign nationals, that all but six of the top 25 registered leaderboard entrants used offshore exchanges that exclude US customers, and that at least 56 percent of the full top 220 used similar offshore exchanges. China linked company GD Culture Group announced on May 13, 2025 a planned 300 million dollar purchase of Bitcoin and TRUMP tokens, cited by ethics watchdogs as a further example of the foreign influence exposure the coin created.

By late 2025 the coin had fallen about 93 percent from launch highs, and in August 2026 it traded near 1.40 to 1.44 dollars, a market capitalization around 348 to 361 million dollars, ranked around 89th by market cap, down roughly 98 percent from peak. As of August 2026 TRUMP still functions as the in game currency for an officially licensed "Trump Billionaires Club" mobile and web game, one of the few active utilities tied to the token beyond speculation.

## Investigations and allegations

Rep. Jamie Raskin, ranking member of the House Judiciary Committee, opened a formal investigation demanding the White House release the dinner guest list, and on November 25, 2025 the committee released a report titled "Trump, Crypto, and a New Age of Corruption" concluding Trump used crypto policy to enrich his family through arrangements with foreign governments and corporate allies. Public Citizen filed a formal complaint with the Department of Justice and the Office of Government Ethics over Trump's promotion of his own coin, citing potential violations of federal gift solicitation laws and national security exposure from foreign buyers. Former Trump White House Communications Director Anthony Scaramucci called the dinner scheme "Idi Amin level corruption," adding "Now anyone in world can essentially deposit money into bank account of President of USA," while Bitcoin investor Erik Voorhees separately called the whole affair "stupid and embarrassing."

Barron Trump, listed as a "Web3 Ambassador" at World Liberty Financial, was separately the subject of unproven social media speculation that he was behind a Bitcoin short worth 160 to 200 million dollars placed hours before Trump's China tariff announcement; a trader using the name Garrett Jin publicly claimed responsibility for the trade instead, and no evidence has tied Barron Trump to it. World Liberty Financial, the Trump family's separate stablecoin and DeFi venture, is a distinct entity from the TRUMP meme coin, a distinction its CEO Zach Witkoff made explicitly in an April 2026 reply to a viral critical thread: "You are conflating world liberty and the trump meme coin, they are completely unrelated. World Liberty has zero association with fight fight fight or CIC digital." That viral thread itself, a satirical first person monologue written from the perspective of an "insider" describing the entity structure, racked up over 23,000 likes and 7,000 retweets in April 2026 and captures how deep the "Trump crypto empire" narrative had penetrated trench culture over a year after launch.

## Cultural impact

TRUMP is the pivot point of modern meme coin history. It legitimized political meme coins at the highest possible level while simultaneously, in the view of many traders and commentators, vacuuming retail liquidity out of [[the trenches]] and souring public sentiment on the asset class. Ethics scholars and lawmakers cited it as an unprecedented conflict of interest; trench culture cites it as the ultimate proof that no one is exit liquidity proof. "Trump topped crypto" persists as trench slang for calling a market cycle over; one trader wrote in August 2026, "trump topped at $7 to $8B and the extraction was so fast because they held huge chunk of supply. sucked liquidity out of everything" (theneetguy, August 17, 2026), echoing an April 2026 post that simply read "Trump topped crypto" (Falconcrypto_, April 25, 2026). Debates over the "Trump top" remain a staple of meme coin retrospectives.

## References

- Forbes: https://www.forbes.com/sites/tylerroush/2025/01/19/donald-trump-launches-trump-meme-coin-token-exceeds-12-billion-market-cap/
- KuCoin: https://www.kucoin.com/news/flash/trump-s-meme-coin-trump-surpasses-73-at-launch-falls-93-by-year-end-2025
- cnbc.com: https://www.cnbc.com/2025/05/23/trump-meme-coin-dinner.html
- ABC News: https://abcnews.com/US/trump-hold-gala-top-investors-meme-coin-critics/story?id=122043244
- CoinMarketCap: https://coinmarketcap.com/currencies/official-trump/
- metamask.io: https://metamask.io/price/official-trump
- X post by @realDonaldTrump: https://x.com/realDonaldTrump/status/1880446012168249386
- ABC News: https://abcnews.com/Politics/assassination-attempt-donald-trump-unfolded/story?id=111915028
- Wikipedia, Donald Trump raised-fist photographs: https://en.wikipedia.org/wiki/Donald_Trump_raised-fist_photographs
- X post by @natemandel1: https://x.com/natemandel1/status/2044081465990775146
- Yahoo Finance: https://finance.yahoo.com/markets/crypto/articles/1-000-investment-trump-coin-220009642.html
- CryptoPotato: https://cryptopotato.com/how-one-crypto-trader-sniped-trump-at-launch-and-made-109-million-bubblemaps-investigates/
- Cointelegraph: https://cointelegraph.com/news/insider-trading-allegations-surround-trump-memecoin
- news.bitcoin.com: https://news.bitcoin.com/libras-co-creator-claims-trump-team-sold-tokens-to-insiders-with-special-access/
- Cryptopolitan: https://www.cryptopolitan.com/everything-to-know-about-hayden-davis-the-crypto-scammer-who-created-libra-trump-and-melania/
- commondreams.org: https://www.commondreams.org/news/trump-crypto-coin
- crypto.news: https://crypto.news/trump-linked-entities-made-100m-on-official-trump-fees-report/
- Fortune: https://fortune.com/2025/02/11/trump-memecoin-traders-2-billion-dollar-loss-family-100-million-fees
- cnbc.com: https://www.cnbc.com/2025/05/20/justin-sun-trump-dinner.html
- Benzinga: https://www.benzinga.com/content/45530671/justin-sun-revealed-as-18m-trump-whale-ahead-of-trumps-controversial-gala-dinner
- Bloomberg: https://www.bloomberg.com/graphics/2025-trump-memecoin-foreign-crypto-traders
- The Hill: https://thehill.com/homenews/house/5324571-raskin-trump-memo-coin-details/
- commondreams.org: https://www.commondreams.org/news/trump-meme-coin-legal
- BeInCrypto: https://beincrypto.com/public-citizen-complaint-trump-meme-coin/
- NPR: https://www.npr.org/2025/05/22/nx-s1-5407411/white-house-denies-conflicts-of-interest-as-trump-joins-dinner-for-meme-coin-investors
- Gate Learn: https://www.gate.com/news/detail/14833522
- CryptoSlate: https://cryptoslate.com/the-big-bitcoin-short-who-shorted-btc-before-trumps-tariff-post-to-bank-200-million/
- X post by @ZachWitkoff: https://x.com/ZachWitkoff/status/2043139812182606115
- X post by @gothburz: https://x.com/gothburz/status/2043043381559837153
- X post by @theneetguy: https://x.com/theneetguy/status/2089422237158039786
- X post by @Falconcrypto_: https://x.com/Falconcrypto_/status/2048138360883974283
- Bitget: https://www.bitget.com/price/official-trump

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