The TrumpCoin Craze: What’s Really Going On?Yesterday, something truly bizarre happened in the world of crypto. Donald Trump—yes, that Donald Trump—launched his very own cryptocurrency, TrumpCoin ($TRUMP).
At first, like everyone else, I thought his account had been hacked.
I mean, launching a meme coin just days before his presidential inauguration? Come on...
But nope, it’s 100% real. Verified.
Like many others, I got curious and, let’s face it, greedy. So, I bought in. The result? I cashed out at a nice 3x profit, enough for a fun night out. But before we dive into the crazy market activity, let me clarify a couple of things:
- I’m not a Trump fan. This isn’t about politics.
- I don’t think this is a rug pull, at least not intentionally .
It seems more like someone who doesn’t fully understand how crypto works decided to jump in.
A Brief Timeline of Chaos
TrumpCoin was announced on his social platforms, including Truth Social and X (formerly Twitter). Initially, everyone thought it was fake news. I mean, a meme coin with his name on it? Right before inauguration day? It screams “scam.” But soon after, major crypto news outlets confirmed its legitimacy.
And then the madness began. Within hours:
- Market cap: Over $14 billion at the time of writing(and climbing).
- Trading volume: A jaw-dropping $11 billion in just one day.
- Price swings: The coin hit a high of $3.30 before dipping below $1.50 and now is above $4.
Trump’s company, CIC Digital LLC, reportedly holds 80% of the coin supply, making this a financial windfall for him—even if the project crashes.
The Crypto Community Splits
This move has divided the crypto space. On one hand, you have people who are treating $TRUMP like any other speculative asset. ( Hi, that’s me! )
On the other, there are folks who see it as a statement of loyalty to Trump. Then there’s a third group—the skeptics—who warn that this could end in disaster.
The real problem? Newbies are piling in without understanding what they’re doing. The hype is pulling in people who don’t know a rug pull from a blockchain. They’re buying and buying, hoping to ride the wave, and are likely to get burned when the bubble bursts.
Is This a Rug Pull?
Let’s address the elephant in the room. With 80% of the supply in Trump’s control, the setup raises eyebrows. But is this an intentional scam? Probably not. If anything, this feels more like a PR stunt gone wild—a way to cash in on his fame and make a splash before returning to the White House.
That said, the outcome could still be the same. At some point, the hype will die, the price will tank, and many will lose money. The bigger it gets, the harder it’ll fall.
My Take: Enjoy the Ride, but Be Careful
TrumpCoin is the epitome of crypto’s wild side: volatile, unpredictable, and more about hype than substance. If you’re diving in, know what you’re getting into. For me, it was a quick trade—buy low, sell high, and get out. But I worry about the inexperienced investors who are holding on, hoping for it to hit $10, $20, or even higher.
So, here’s my advice:
Don’t invest more than you can afford to lose.
Take profits while you can.
Remember, just because something is popular doesn’t mean it’s sustainable.
Whether $TRUMP reaches a $25 billion, $50 billion market cap or crashes spectacularly, one thing’s for sure—it’s going to be one heck of a ride.
Stay safe out there, and happy trading!
