What is TRUMP coin?

Does Donald Trump have a cryptocurrency? Is Trump launching a meme coin? We're answering all these questions and more in our updated 2025 Trump Meme Coin guide.

Does Trump have a meme coin?

Yes. Donald Trump launched his own memecoin, $TRUMP, shortly before the inauguration of his second presidency in January 2025.

Read next: Will Trump make crypto tax free?

What is $TRUMP?

$TRUMP (stylized in all caps) is a meme cryptocurrency linked to U.S. President Donald Trump and operates on the Solana blockchain.

Initially, one billion tokens were minted, with 200 million released to the public through an initial coin offering (ICO) on January 17, 2025, while two companies owned by Trump hold the remaining 800 million.

The coin has sparked significant criticism from ethics experts, who cite concerns about conflicts of interest between Trump’s financial involvement in $TRUMP and his responsibilities as president. Throughout his second term, Trump has actively promoted the coin and taken steps that appear to have boosted its value, further increasing his wealth.

$TRUMP coin launch

TRUMP coin launched on January 17, 2025—three days before his second presidential inauguration. Its unannounced debut initially raised suspicions of a scam, but Trump later confirmed its legitimacy on X and Truth Social, calling it the “only official Trump meme.”

The coin’s logo features a cartoon Trump raising his fist, referencing his survival of a 2024 assassination attempt. A disclaimer claimed the token was not an investment or political project, and buyers were barred from joining class-action lawsuits.

Trump promoted the coin during its launch night at a 'crypto ball.' Within 48 hours, its value surged over 300%, reaching nearly $13 billion in trading volume. By January 19, trades totaled $29 billion, and Trump-linked entities controlled another 800 million in tokens, theoretically pushing his net worth to $63.8 billion. The same day, Melania Trump launched her own coin, $Melania.

Reports estimate the project has earned at least $350 million to date. In April, Trump offered a dinner with the top 220 coin holders, triggering another 50% price jump.

$TRUMP coin tokenomics

The tokenomics for TRUMP are outlined on its official website, but in summary:

Blockchain: Solana

Total Supply: 1 billion tokens

Initial Distribution:

• 10% for initial liquidity (unlocked at the token generation event)

• 10% for public distribution (unlocked at TGE)

• 80% allocated to the creators and CIC Digital (subject to a staged unlock)

Unlock Schedule:

• 40% unlocks three months post-launch

• An additional 20% unlocks three months later

• The final 20% unlocks one year after launch

Where to trade TRUMP meme coin?

If you’re looking to invest in TRUMP, you can do so on a number of centralized and decentralized exchanges, including:

• Binance

• Meteora

• Raydium

• Bybit

• Coinbase

• OKX

• MXC

• Bitget

Once purchased, you can either leave them on the exchange, in your hot wallet, or move them to a hardware crypto wallet for safekeeping. Each exchange has its unique transaction fees and security protocols, so it's worth exploring which one best suits your needs.

$TRUMP coin airdrop

The TRUMP airdrop is a promotional campaign rewarding customers who purchase official Trump-branded merchandise. Eligible buyers receive three TRUMP tokens—a Solana-based meme coin.

Who's eligible?

To qualify, participants must:

• Buy official products (e.g., Trump watches, sneakers, fragrances, or digital cards)

• Make the purchase before February 15, 2025

• Use the same email to claim as used for the purchase

Eligible purchases must be made on:

• GetTrumpSneakers.com

• GetTrumpWatches.com

• GetTrumpFragrances.com

• CollectTrumpCards.com

How to claim the airdrop

• When: February 17 – March 1, 2025

• Where: claim.gettrumpmemes.com

• How: Log in with your purchase email and follow the steps to claim your tokens

Tokens are distributed instantly upon verification via Crossmint, with additional token purchases available using credit cards or crypto.

Read next: Upcoming Airdrops

What’s the future of $TRUMP?

Your guess is as good as ours. The coin has experienced significant price volatility since its launch and is currently trading far below its all-time high price. Given the tokenomics, specifically the high percentage of the token that the creators hold, some investors have likened the coin to a pump-and-dump scheme. As ever, you should DYOR and only invest what you can afford to lose.

Is TRUMP coin legal?

It's debatable. Shockingly, there's no legislation restricting Presidents from launching meme coins, and no other President has done so.

Legal experts warned the venture could breach the Constitution’s foreign emoluments clause, enabling special interests or foreign governments to buy access to the president. A forensic analysis reported $2 billion in investor losses across 813,000 wallets, while Trump’s affiliates earned roughly $100 million in fees. Critics labeled the coin a “pump and dump” and a “disaster.”

In response, Rep. Sam Liccardo introduced the MEME Act, aiming to ban presidents and senior officials from promoting or profiting from financial assets. The act seeks to classify such tokens as campaign contributions, subjecting them to Federal Election Commission oversight.

Are there other Trump meme coins?

Yes, prior to Donald Trump launching his own cryptocurrency, there were a number of popular Trump-related meme coins, although none of which were officially associated with the President. These included MAGA (TRUMP), MAGA (MAGA), Super Trump Coin (STRUMP), and Trump On Base (TRUMP).

Read next: Best Meme Coins

MAGA (TRUMP)

MAGA (TRUMP) was the poster child for Trump-themed memecoins, drawing thousands of investors interested in Trump’s influence on the political stage. Priced initially at $0.01, TRUMP reached near $4, with its all-time high peaking at $17. This coin’s market cap currently sits around $190+ million, making it a significant player among meme coins. TRUMP often experiences value spikes following major Trump-related events, like campaign rallies and even legal proceedings, proving its strong correlation with Trump’s media presence.

MAGA (MAGA)

MAGA (MAGA) is another Trump-inspired memecoin, aligning closely with the "Make America Great Again" campaign. Although its market cap is smaller than MAGA (TRUMP), it remains a popular choice among those wanting to capitalize on Trump’s continued public profile. Launched in May, MAGA saw rapid price jumps and currently trades around $0.00015, with a market cap of $180+ million.

Super Trump Coin (STRUMP)

Super Trump Coin (STRUMP) adds a playful twist to the Trump-themed crypto world by casting Trump in a superhero role. With a dedicated fan base, STRUMP is used as both an entertaining collectible and a speculative investment. Though its market cap is lower at around $14 million at the time of writing, STRUMP has had price increases during Trump’s campaign season, appealing to those who believe in the lasting power of Trump’s brand.

TRUMP ON BASE (TRUMP)

TRUMP ON BASE is a Trump-themed memecoin designed for the Base blockchain, offering fast, scalable transactions within the Base DeFi ecosystem. With a total supply of 450 billion tokens, it’s structured for high availability, making it accessible for trading and speculation. Currently, the token has shown high volatility and a much lower market cap than other similar tokens.

Read next: What is Pepe Coin?

Is $TRUMP taxable?

Yes. Despite the humor, your meme coins are taxable. In general, you’ll pay Capital Gains Tax or Income Tax on crypto, depending on your specific transactions. You can learn more in our guide or sign up to Koinly to calculate your taxes free of charge.