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How many trump coins are there? Total number of trump coins issued

Jan 20, 2025

The "TRUMP" token is a crypto asset based on blockchain technology that has a Trump theme and has attracted the attention of a large number of investors with the help of Trump's popularity and unique personality. This type of token is a type of meme token, which usually has no substantial application or technical support, and its value is more dependent on the enthusiasm of the community, celebrity effect, or specific hype topic.

Similar to the core features of other meme tokens, the "TRUMP" token has no actual business model or underlying value, but rather attracts attention by creating topicality, marketing, and widespread dissemination. The issuer of the token uses blockchain technology to ensure that the token is transparent, immutable, and transacted in a decentralized manner.

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How many trump coins are there?

‌The total number of TRUMP coins in issue was 47 million ‌. Currently, there are 46,502,515 TRUMP coins in circulation, which is slightly below the total amount issued, indicating that some TRUMP coins may be locked or uncirculated ‌.

There are only 200 million TRUMP coins in circulation, and the remaining 800 million are concentrated in the hands of one person and have not been circulated.

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With $7.5 billion wiped out in 10 minutes, economists are not bullish on the Trump coin

It's worth noting that amid this head-spinning cryptocurrency frenzy, some economists and longtime investors in cryptocurrencies have been cautious about Trump coins.

It is widely believed that Trump Coin is not a traditional crypto-based cryptocurrency, but a new form of cryptocurrency - meme coin. A meme coin is a cryptocurrency linked to an Internet joke or celebrity mascot that has no economic or transactional value of its own and is often seen as a means of speculative trading.

Said Lee Rennas, a former Fed economist who is now a lecturer at Duke University's Center for the Study of Global Markets. "I don't care if people want to gamble or not. My concern is that when this cryptocurrency bubble bursts (and it will), it will eventually affect entire sectors of the economy, even if others are not directly investing in cryptocurrencies. And this new currency makes it worse."

The Block, a popular cryptocurrency blog, said Trump's coin issuance was an "unwarranted money-grabbing act" that would only harm humanity. Eric Voorhees, a prominent bitcoin investor, wrote on social media that memes are "stupid and embarrassing."

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Even Trump's official website clearly states that "TRUMP coins are intended to express support for and participation in the ideals and beliefs embodied in the '$TRUMP' symbol and its associated artwork, and are not intended to be the subject of investment opportunities, investment contracts, or securities of any kind."

Previously, the most famous meme coin - Dogecoin has risen and fallen overnight, creating no millionaires, and making many people lose their money.

As they warned, the Trump coin plunged 40 percent after Melania's coin launch. According to analysts at Kobeissi Letter, Trump erased $7.5 billion in market value in 10 minutes.

At the same time, there are concerns about the more serious consequences of political power being linked to the cryptocurrency market. Cryptocurrency executives have spent an unprecedented $130 million on the 2024 election, raising questions about the industry's control watchdog. And the price of Trump Coin fluctuated significantly in the first 48 hours after its launch and then fell, which also confirmed the industry's concerns.

Nick Tomaino, a cryptocurrency venture capitalist, said that "Trump owning 80 percent of Trump Coin and launching it just days before the inauguration is predatory and a lot of people could get hurt by it."

Other critics say Trumpcoin could be a dangerous way for special interests to try to buy the president's influence. "Anyone in the world can now put money into the bank account of the President of the United States with just a few clicks of a mouse," former Trump White House communications director Anthony Scaramucci said on X.

The legitimacy and ethics of the TRUMP coin came into focus

- Conflict of interest: By launching TRUMP Coin before his inauguration, Trump violated the tradition that U.S. presidential candidates should distance themselves from their personal financial affairs. Citizens for Responsibility and Ethics, an American non-profit group, worries that it is trying to make policy easier for itself.

- Insider control: 80% of the supply of TRUMP coins is controlled by Trump affiliates, a centralized model that has been widely criticized by the cryptocurrency community. Crypto venture capitalist Nick Tomeno argues that the model deprives the market of fairness and could hurt ordinary investors.

- Impact on the industry: Cryptocurrency insiders are also concerned. Anthony Scaramucci, who once served as Trump's communications director, said Trump's actions negatively impacted the industry and further undermined public trust in cryptocurrencies.

Investment risks and precautions

While the "TRUMP" token offers investors the opportunity to participate in the cryptocurrency market, they should also be wary of its potential investment risks. First, the price of meme tokens is usually very volatile, and investors should carefully assess market risk. Secondly, projects such as "TRUMP" tokens usually lack practical application scenarios and technical support, so the long-term stability of their value is in doubt. Finally, with the increasingly strict regulation of the cryptocurrency market, meme tokens may face higher legal risks, and investors should make adequate risk assessments.

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