Three days before the inauguration, Trump introduced his cryptocurrency TRUMP, with his wife joining the project with the MELANIA coin.
Both projects earned billions of dollars in profit. However, critics express concerns about the potential conflict of interest.
The market value of the TRUMP cryptocurrency grew from zero to $15 billion in just three days. This is a record start for Trump’s projects. The coin, named after Trump’s victory, is actively bought by his supporters on cryptocurrency exchanges, but due to the lack of regulation, it remains unclear who exactly controls the price growth.
Donald Trump, through his companies CIC Digital and Fight Fight LLC, owns at least 80% of the TRUMP coins, which will be issued over the next three years. Theoretically, most of the remaining coins may also be under Trump’s control.
The market capitalization reached $15 billion, meaning Trump could own around $60 billion through his “locked” coins. The launch of the TRUMP cryptocurrency was inexpensive, as it is based on the Solana blockchain platform, but its value depends on supply and demand.
