Donald Trump launched his memecoin, Trump, on January 17, 2025, just before his inauguration. The token quickly surged in value, reaching over $70, with 21 crypto “whales” dominating early trading. These whales generated substantial profits, with one group, Cluster A, making $170 million in just two days. While most smaller investors faced losses, two Trump-linked entities, CIC Digital and Fight Fight Fight LLC, controlled 80% of the token supply, raising concerns about potential future market pressure. Despite a 60% drop in value by January 31, the token still ranked among the top 40 cryptocurrencies by market value.
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