OFFICIAL TRUMP: What Is It & Should You Invest?
The cryptocurrency industry eagerly anticipated Donald Trump’s return to the White House. The president-elect takes a distinctive stance on the modern administrative state, advocating widespread deregulation of the U.S. economy as a way to boost growth.
This could reduce regulatory pressure on cryptocurrencies and encourage rapid growth and innovation within the industry. In his first week in office, Trump signed an executive order to establish a digital assets regulatory framework, signaling an intention to keep America at the forefront of digital innovation. The President’s Council of Advisors on Science and Technology is tasked with making evidence-based recommendations.
Now, the cryptocurrency industry is still reeling from the unexpected news of Trump’s meme coin. Just days before his second inauguration, Trump launched his token, OFFICIAL TRUMP (TRUMP), to immortalize his response to the July 2024 assassination attempt.
The OFFICIAL TRUMP coin was unveiled on his X and Truth Social accounts at 9:45 on January 17, 2025. Some cryptocurrency enthusiasts questioned if the meme coin was a scam as the mechanism of the token reminded them of a rug pull – that is, a maneuver where blockchain developers abandon a project and run away with investors’ funds.
OFFICIAL TRUMP, Since Its Inception, Has Been Synonymous With Volatility
OFFICIAL TRUMP is a meme coin on the Solana blockchain, renowned for its high throughput and low transaction fees. According to the token’s website, there are $200 million meme coins available, with plans to unlock one billion over the next 36 months. CIC Digital LLC and Fight Fight Fight LLC, co-owned by CIC Digital LLC, own approximately 80% of the supply, but Trump’s stakes in these companies haven’t been ascertained. OFFICIAL TRUMP is merely an “expression of support” for the president’s call to “FIGHT FIGHT FIGHT.” Still, traders got impatient and bought more than they would have usually.
Meme coins experience inconsistent price swings, and the OFFICIAL TRUMP coin is no exception. Driven by market sentiment and not by economic fundamentals, the cryptocurrency has fallen below $15 from an all-time high of $75.35. When trading started, the token’s value was 18 cents. First Lady Melania Trump also unveiled a meme coin, attracting traders who wish to take advantage of shifting speculative demand. According to Binance, OFFICIAL TRUMP AND MELANIA have a market cap of $2.97 billion and $703.12 million, respectively. Of course, they’re not the Trump family’s first foray into cryptocurrency.
OFFICIAL TRUMP Generates Mixed Feelings Among Investors
The early rise in the value of OFFICIAL TRUMP helped some traders earn a substantial profit, buying low and selling high, whereas its decline caused more than 813,000 wallets to lose $8 billion combined, according to Fortune. In other words, the meme coin has produced more losers than winners. In the meantime, the OFFICIAL TRUMP coin generated roughly $100 million in trading fees for the entities behind the project, including the Trump Organization. Nevertheless, no evidence has emerged that Trump or his associates artificially inflated the coin’s price.
For many cryptocurrency enthusiasts, the renewed interest in meme coins serves as a way to ruin the industry’s reputation. The industry, unfairly targeted by the Biden administration, invested tens of millions of dollars into Trump’s 2024 campaign for president, and the launch of OFFICIAL TRUMP came as an unpleasant surprise. Some even joked on social media they missed Gary Gensler, who served as the chair of the Securities and Exchange Commission (SEC) from 2021 to 2025. Once again, the ludicrously wealthy have bypassed the safeguards designed to ensure fairness.
Trump Got Tens Of Billions Of Dollars Richer – On Paper
The launch of the OFFICIAL TRUMP coin before the Inaugural Day isn’t a coincidence. Most likely, Trump capitalized on his massive following to encourage people to buy the meme coin. Trump supporters are rational actors making sensible choices that conform to their point of view. Contrary to popular opinion, Trump didn’t become an overnight cryptocurrency billionaire, even if his meme token is a textbook cash grab. As mentioned earlier, CIC Digital LLC and Fight Fight Fight LLC control 80% of the coin’s supply, and turning paper gains into cash is challenging – any sale could inundate the cryptocurrency market, overwhelming demand and causing the price to collapse.
OFFICIAL TRUMP Is A Gamble, But There Are Worse Ones
Because OFFICIAL TRUMP is more volatile than other digital assets, the perceived risk is amplified, but investment always carries risk. The key to risk management is thinking before acting, so be patient and disciplined 100% of the time and avoid making decisions based on short-term emotions. Should TRUMP ETFs be approved, it will be easier to invest in cryptocurrency – investors can buy ETF shares from the broker just like they would with any other stock.
When deciding where to buy the meme coin, consider transaction fees, security features, and the cryptocurrency exchange’s reputation. To store your OFFICIAL TRUMP coins securely, you can use a hardware wallet that supports Solana. Most hardware wallets are compatible with different blockchain networks, meaning you can manage different types of tokens on a single device. If you hold meme coins, it’s critical to understand the tax implications. The Internal Revenue Service (IRS) considers cryptocurrency property and capital gains and losses must be reported, if necessary.
Wrapping It Up
OFFICIAL TRUMP is the latest of Trump’s offers, which have included cologne, sneakers, watches, and even Bibles. Investors must remember that many aspects of a meme coin can be volatile, including its price, trading volume, and market liquidity, and navigating price swings is essential for anyone venturing into the cryptocurrency market. Critics say that Trump’s ventures damage the credibility of the industry, which is struggling to recover after recent scandals and bankruptcies. While there were hopes the new administration would be crypto-friendly, no one anticipated the Trump family would capitalize on the ecosystem.
All in all, the ETF filing doesn’t necessarily make the OFFICIAL TRUMP coin worth buying. There’s no guarantee regulators will approve the ETF, but even if the outcome is positive, the effect on the price of the meme coin could not be what holders hoped for.
