Who Created the $TRUMP Coin? Simple Explanation

Understanding "Trump Coins" means sifting through a mixed digital wallet, each with its own story, its own creator, and a level of official support, if any. The most notable coin, the OFFICIAL TRUMP COIN ($TRUMP) on the Solana system, is introduced as the main cryptocurrency branded Trump, and Donald Trump has publicly acknowledged it. Official meme coin of $TRUMP Around January 17 or 18, 2025, when the elected President Donald Trump used platform X ( previously known as Twitter) and his Truth Social page to inform everyone about the OFFICIAL TRUMP COIN ($TRUMP). The official website of this coin calls it the "only official meme of Trump." Two groups, CIC Digital LLC ( connected with The Trump Organization) and Fight Fight Fight LLC ( a Delaware company established in January 2025), were behind the development and market release of this coin. They created a total of one billion $TRUMP tokens. From the beginning, 200 million, or 20% of that, has been held by the public. The remaining 800 million tokens, which is 80% of the total, have been transferred to CIC Digital LLC and Fight Fight Fight LLC, with a plan to release them gradually over three years. This coin is advertised as something fun, a souvenir or digital symbol, certainly not an investment or security, and it is not tied to any political campaign or government agency. The idea is to make it a digital token for Trump fans, helping them connect politically. Immediately after its launch, the price of the $TRUMP coin surged; reports indicate that its total market value skyrocketed to nearly 13 billion dollars, even exceeding 15 billion dollars at its peak. However, its value also surged wildly, dropping sharply from those initial large figures. Ethical experts have widely criticized this project, pointing out potential conflicts of interest concerning Donald Trump. Cryptocurrency projects and other currencies named Trump It is really important to know that the official TRUMP coin is different from a variety of other cryptocurrencies that have used the name "Trump" or the slogan "MAGA". These are mainly separate efforts by different people with different goals, and Donald Trump has not officially endorsed most of them. MAGA (TRUMP) (dựa on Ethereum): This token is inspired by the slogan "Make America Great Again" and was released by an anonymous team of developers. Although not officially related to Donald Trump, a large portion of these tokens appear to have been in his crypto wallet. TrumpCoin (DTC): This coin, which is not an official $TRUMP, was reportedly launched by a team in the UK in November 2023, and they say that it is a project created and owned by their community. TrumpCoin was originally (ký TRUMP, later FREED for FreedomCoin): It is rumored that the coin was first launched in early 2016, thanks to Douglas Bothma and Liaan Roodt. It had no official connection to Donald Trump or his campaign and later changed to FreedomCoin (FREED) after Eric Trump warned in 2022 about unofficial "TrumpCoin" causing fraud. TrumpCoin (DJT) (trụ based in Solana): Around June 2024, the token appeared, and blockchain detective ZachXBT connected it to Martin Shkreli, the former CEO of the pharmaceutical company. Shkreli acknowledged his involvement, saying he was "helping a friend" and hinting Barron Trump may have known or been involved in the incident, although the Trump family has not confirmed these claims or has denied them. People also accused the token of being a "disaster", in which the funds backing it were allegedly withdrawn.$MELANIA: Melania Trump, through her company MKT World LLC, issued the coin around January 19, 2025, not long after the OFFICIAL coin of TRUMP was born. Like $TRUMP, its price skyrocketed at first and then plummeted. Bubblemaps, a blockchain analytics company, has made headlines for its transparency, claiming that nearly 90% of all tokens are in a single wallet. World Liberty Financial (WLFI): Donald Trump has also announced this (DeFi) decentralized finance platform. His sons, Donald Trump Jr. and Eric Trump, joined as "Web3 ambassadors," and Barron Trump was named the project's "DeFi Visionary." A Trump company reportedly holds 60% of World Liberty Financial and receives 75% of the proceeds from the sale of coins. The platform intends to launch a stablecoin called USD1. This project has also attracted attention because of the possible conflict of interest. Things everyone should remember The explosion of meme coins related to politics, often referred to as "PoliFi" tokens, has truly created a new twist in the world of cryptocurrency. You will often find these tokens: Jumping all over the place: Their prices often go up or down based on social media virality, what's going on in politics, and celebrity praise, not because of what real value or use they have. Faced with ethical and legal questions: When political figures get caught up in these things, it will sound the alarm bells about conflicts of interest, attempts to bribe influence, and even national security. Politicians have started asking for investigations and proposing new laws to address all of this. The SEC has mentioned that many meme coins are more like "collectibles" and may not be regulated by federal rules on securities, but that doesn't mean other legal or ethical issues will go away. May be unclear: This is a big warning sign when you don't know who created them or when only a handful of people hold the majority of the tokens. Attracting Scams and Misinformation: Scammers and spread misinformation love to take advantage of the popularity of politicians for their purposes. Anyone thinking about investing money in cryptocurrencies related to Trump or any other politically related cryptocurrencies must be very careful and thoroughly research the details ( "DYOR" ) first, especially because they are highly speculative and involve many dramatic factors.