$324M in fees and no roadmap: What’s really going on with the TRUMP memecoin?
2025-07-01 16:00:36
Main Idea
The TRUMP memecoin, launched on the Solana blockchain, has generated $324M in fees but lacks a roadmap, white paper, or clear utility, raising ethical and legal concerns about its purpose and beneficiaries.
Key Points
1. The TRUMP memecoin reached a market capitalization of over $27 billion within 48 hours of launch but later crashed by nearly 70%, highlighting its extreme volatility.
2. Most of the token’s supply and profits reportedly go to Trump-linked entities, CIC Digital and Fight Fight Fight, raising ethical and legal questions about investor exploitation.
3. The token charges high fees without offering any utility, team transparency, or long-term viability, making it a high-risk speculative asset.
4. Regulators, including the SEC, are taking notice of politically adjacent tokens like TRUMP, with proposed acts like the MEME and COIN Acts aiming to increase accountability and oversight.
5. The rise of political memecoins in 2025 reflects a trend of leveraging tribalism and cultural identity, but most lack meaningful utility and pose significant risks to retail investors.
Description
Marketed with Trump’s name but lacking a white paper or utility, the TRUMP token surged to a multibillion-dollar valuation before crashing.
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