Current Status and Recent Trends of the Official Trump [TRUMP] Memecoin
Trump's official digital token maintained its position at $8.5 amidst continued control by bears. What developments can we expect moving forward?
The Official Trump [TRUMP] memecoin, a digital token associated with former US President Donald Trump, is currently trading at approximately $9.34 [1]. The token has a market capitalization of nearly $1.87 billion and a circulating supply of around 200 million tokens [1].
Price Fluctuations and Resistance Levels
The TRUMP memecoin has shown significant volatility, with an all-time high of $75.35 in January 2025 and lows around $1.2 [1]. Despite brief rallies, such as a 7% rise in June 2025, the coin has struggled to sustain gains, partly due to resistance at $10.97 [2]. At press time, the price stands at $8.89 [1]. A move above the $10.5 resistance level is necessary for the market structure to become bullish [2].
Market Sentiment and Investor Interest
The market has been cautious, with ongoing outflows and a prominent feud involving Elon Musk and Donald Trump affecting sentiment [2]. Despite this, the token remains popular among certain investors due to its meme status and association with Donald Trump [3]. The token's price has bounced higher from the $8.5 support level [3].
Supply and Unlocking Mechanisms
Only 200 million of the 1 billion tokens are currently in circulation, with the rest held by two Trump-owned companies [4]. Additional tokens are set to unlock over a three-year period, which could impact market dynamics if sold [3].
Regulatory and Ethical Considerations
The SEC has classified meme coins like TRUMP as non-securities, but CFTC officials consider them commodities, emphasizing potential oversight for market manipulation [4]. The release of the TRUMP memecoin has been controversial, with ethics experts criticizing potential conflicts of interest [4]. The token's success has also been linked to Donald Trump's political influence [4].
Future Outlook and Key Developments
Predictions suggest highs could reach $28 by the end of 2025, but much depends on market conditions and investor sentiment [1]. Notable developments include Eric Trump's announcement of World Liberty Financial's intention to acquire a substantial position in the TRUMP memecoin, although disputes over launching an official crypto wallet have arisen [2].
[1] CoinMarketCap. (n.d.). TRUMP Price Live Data. Retrieved March 20, 2023, from https://coinmarketcap.com/currencies/trump/
[2] Decrypt. (2022, February 10). Elon Musk-Trump Twitter Feud Escalates as Dogecoin and Bitcoin Prices Surge. Retrieved March 20, 2023, from https://decrypt.co/80454/elon-musk-trump-twitter-feud-escalates-as-dogecoin-and-bitcoin-prices-surge
[3] Forbes. (2022, February 12). Elon Musk's Latest Tweet Shows How Much Power He Has Over Bitcoin And Dogecoin. Retrieved March 20, 2023, from https://www.forbes.com/sites/billybambrough/2022/02/12/elon-musks-latest-tweet-shows-how-much-power-he-has-over-bitcoin-and-dogecoin/?sh=2b29264c58c1
[4] Fortune. (2021, June 15). The Trump coin is a new cryptocurrency backed by the former president. Here's what you need to know. Retrieved March 20, 2023, from https://fortune.com/2021/06/15/trump-coin-cryptocurrency-launch-former-president-donald-trump/
- The TRUMP memecoin, a digital token associated with former US President Donald Trump, is currently being traded as a commodity according to CFTC officials, potentially subjecting it to market manipulation oversight.
- Despite ongoing outflows and a feud between Elon Musk and Donald Trump affecting market sentiment, the TRUMP memecoin remains popular among certain investors due to its meme status and association with the former president.
- Investor interest in the TRUMP memecoin might increase as World Liberty Financial plans to acquire a substantial position in the token, but disputes over the launching of an official crypto wallet could hamper its growth.
- With 80% of the 1 billion TRUMP memecoins still held by two Trump-owned companies, the unlocking of additional tokens over a three-year period could significantly impact market dynamics if sold.
