Two Trump Organization subsidiaries control 80% of the $TRUMP memecoin supply

Quotes that support claims

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.

Roughly 80% of the $TRUMP token supply is controlled by the Trump Organization and affiliates, according to the project’s website.