Overview
- Eight of the ten largest crypto platforms listed $TRUMP within 48 hours of its January launch, with Coinbase approving trades in just one day despite its “rigorous” vetting pledge.
- The token’s terms allocated 80% of the supply to the Trump family and partners, raising classic pump-and-dump warnings before trading began.
- After peaking at $75.35 two days after release, $TRUMP plunged below $10 by April, leaving most holders nursing heavy losses.
- Analysis by Bubblemaps indicates 45 wallets gained $1.2 billion while over 712,000 wallets lost $4.3 billion, with exchanges earning roughly $172 million in fees.
- Exchanges have defended the accelerated listings as responses to user demand despite admitting that political hype overrode normal risk standards.