Two subsidiaries of the Trump Organization, a conglomerate owned by the president, control 80 percent of the total supply of the coin, which shot up in price by almost 60 percent after the announcement.
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Trump’s Quest for Crypto Riches Is a Constitutional Scandal Waiting to Happen
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President Donald Trump on April 23, 2025 revealed he will be holding dinner for top Trump memecoin holders triggering a surge of over 50% in the $TRUMP meme coin’s price, boosting its market value to $2.7 billion and significantly increasing the paper wealth of insiders and early backers
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President Donald Trump revealed he will be holding dinner for top Trump memecoin holders on April 23, 2025 triggering a surge of over 50% in the $TRUMP meme coin’s price, boosting its market value to $2.7 billion and significantly increasing the paper wealth of insiders and early backers
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Two Trump Organization subsidiaries control 80% of the $TRUMP memecoin supply
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