Following the end of a three-month lock-up period, approximately 40 million units of the official memecoin of Donald Trump were released, leading to a more than 8% increase in the digital currency’s price despite selling pressure. These tokens, belonging to CIC Digital LLC and the project creators, constitute 4% of the total supply and 20% of the circulating supply. Prior to the release, the TRUMP token was trading around $7.54 and has now risen to about $8.30. This is while its all-time high was recorded at $71 in January 2025. Memecoin Trump is built on the Solana platform and, according to its official website, serves merely as a symbolic gesture to express support for values and the symbol ‘TRUMP$,’ not being considered as securities or investment opportunities.
