$Trump Coin: buy or ignore?

Explore the controversial $Trump meme coin ($TRUMP), a digital token associated with Donald Trump and hosted on the Solana blockchain. Described on its website as the "only official Trump meme", it was launched just before his inauguration in January 2025. Following its release, the coin's value initially soared by over 300% overnight, reaching a peak of around $75 shortly before the inauguration. Discover how ownership of the token is largely concentrated in two Trump-owned entities, CIC Digital LLC and Fight Fight Fight LLC, which together hold 80% of the coins remaining after the initial coin offering (ICO). A March 2025 analysis found that the crypto project netted at least $350 million through token sales and fees. However, a forensic analysis concluded that while over 800,000 investor wallets lost $2 billion trading the coin, the president's company and partners profited significantly from trading fees. The venture has faced widespread condemnation from ethics experts and government watchdogs due to concerns about conflicts of interest related to Donald Trump's presidential duties and his direct benefit from participating in the market. Critics have noted its similarity to a "rug pull" and described it as a pump and dump scheme, raising fears it could allow special interests or foreign governments to seek to buy influence with the president. Some crypto executives also voiced concerns that the coin undermined the credibility of the industry. Most recently, the coin's value jumped by over 50% in April 2025 after an announcement that the top 220 coin holders would be invited to a private gala dinner with the president. This event further fuelled concerns over conflicts of interest. Learn about the ongoing debate surrounding $TRUMP, its financial implications, and the significant ethical questions it raises.