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$324M in fees and no roadmap: What’s really going on with the TRUMP memecoin?

cryptoweekly by cryptoweekly
July 1, 2025
in bitcoin, News
0

Marketed with Trump’s name but lacking a white paper or utility, the TRUMP token surged to a multibillion-dollar valuation before crashing.

The Trump-themed memecoin surged to a multibillion-dollar valuation despite lacking a white paper, a roadmap or a clear purpose beyond speculation.

Launched on Jan. 17, 2025, on the Solana blockchain, the TRUMP memecoin quickly became one of the most controversial political tokens to date. Though marketed with Donald Trump’s name, the project initially disclaimed any political or financial purpose. 

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  • Crypto hacks are a wake-up call for DeFi
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