Latest news with #OfficialTrump
Yahoo
11 hours ago
- Business
- Yahoo
James Wynn jumps back into Hyperliquid with mammoth bet after losing $100m on Bitcoin moves
First, James Wynn lost a Bitcoin bet worth $100 million. Now he's back betting on leveraged long positions on Bitcoin worth $20 million. 'I'm coming back for it all,' said Wynn on X. Wynn's bet comes just as Bitcoin's price has hit an all time high. It has since dipped, and Wynn says this is 'beautiful timing' to go long. He's not alone. Investors have poured about $1.7 billion into leveraged positions on Hyperliquid this week, according to DefiLlama. Hyperliquid is a decentralised exchange that allows traders to use leverage with size comparable to centralised exchanges like Coinbase or Kraken. Leverage trading, a strategy Wynn employs, has become increasingly widespread onchain. It gives bettors leverage up to 100-times that of the investment — typically unavailable to retail in traditional finance. Wynn's trade history Wynn initially gained a following on X with his memecoin trades. In 2023, he predicted that the market value of Pepe would reach $4.2 billion. At the time, the market value was only $4.2 million, and Pepe reached a peak of $11 billion in 2024. He claimed to have made eight figures from his Pepe trade alone, though DL News could not independently verify the boast. With his profits from memecoins, Wynn tried his hand at leverage trading. He began to trade on Hyperliquid in March. He placed large trades on Bitcoin, Pepe, and Official Trump. In May, Wynn added $20 million in a leveraged trade on Hyperliquid 40 times larger than the amount he put in. The position was worth over $1 billion at its peak. His unrealised profits reached over $100 million, but as the price of Bitcoin slid shortly after, he lost almost everything in that wallet. At the start of May, Wynn launched his own memecoin, Moonpig. As he gained popularity as one of the most profitable Hyperliquid traders, the token rose to a market value of over $120 million. Once Wynn lost the $100 million bet, the token dropped 98%. But, all of these losses did not deter him from continuing to place highly leveraged bets. 'I'm back in the casino,' said Wynn on June 10. According to lookonchain, a wallet analyser, Wynn opened a new account and deposited over $2 million. He immediately opened leveraged long positions on Bitcoin and Pepe, which were liquidated within days. He closed the account by withdrawing $137,000 USDC. Throughout June and July, Wynn continued to place losing trades. He deposited about $27,000 twice and collected referral rewards to continue trading, losing it all in the process. On July 15, Wynn deposited $466,000 from Binance into Hyperliquid, immediately placing $20 million worth of leveraged long positions on Bitcoin. Within hours, he lost $46,000 as his long was partially liquidated, bringing his Bitcoin position down to $16 million. Wynn's losses for this trade have exceeded $200,000, but he is yet to close his position manually. 'For me, it's all or nothing,' said Wynn on X. Zachary Rampone is a DeFi correspondent at DL News. Have a tip? Contact him at zrampone@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-07-2025
- Business
- Yahoo
Is the Trump-Fueled Crypto Mania Dying Down?
The Trump administration is affecting the crypto sector in quite a few ways. The president's official token has hurt the sector. The newly proposed policies and newly appointed leaders could be positives. 10 stocks we like better than Official Trump › President Donald Trump didn't invent speculative exuberance, but he has a knack for bottling it. In mid-January, the Official Trump (CRYPTO: TRUMP) meme coin debuted with fireworks on Solana, very briefly driving the entire meme coin complex higher and padding early buyers' wallets before collapsing and inflicting dramatic losses. Even sober observers had to concede that the president knows how to move markets. Yet euphoria can often wither quickly in crypto. To some, today the cup feels half empty, and it's natural for investors to be wondering whether the Trump-powered party is winding down or just taking a breather. Let's take a look at the evidence here. With the Official Trump meme coin, enthusiasm met gravity in record time, and there was plenty of fallout as a result. By Feb. 3, the token had surrendered roughly 75% of its peak value amid significant insider selling despite the president's cheerleading on social media. A broader February slide wiped almost $1 trillion off aggregate crypto market caps, erasing most of the post-election bump. Some seasoned crypto investors attributed this dip to the lost capital that the president's coin extracted from the ecosystem, since it also may have discouraged new investors from participating immediately after their entry to buy the president's token. Even now, the Trump coin still has a $1.9 billion market cap, with 80% of its circulating supply controlled by accounts linked to the Trump family and a single allied firm. Concentration that steep limits the token's natural public float and makes every incremental seller more painful for newcomers. Volume tells the same story. Spikes align with promotional events featuring the token, like the president's dinner raffles, but fall off quickly, signaling speculative rather than sticky demand. If you arrived late, you're effectively wagering that fresh money will underwrite insiders' paper gains. That is possible, but not exactly a margin of safety or the basis for a sound investment thesis. Before writing the post-mortem on the crypto market run, recall that presidents wield policy levers, not just Twitter flair. On March 6, Trump signed an executive order mandating the creation of a Strategic Bitcoin Reserve (SBR) as well as a Digital Asset Repository, instructing the U.S. Treasury to hang on to seized crypto rather than auction it. Though these two stockpiles have not yet been implemented, the order theoretically turns the government into a structural non-seller, tightening supply for Bitcoin and other major cryptocurrencies. Regulatory tone is changing as well thanks to the administration's appointments of senior leaders. Paul Atkins, a longtime critic of financial regulation enforcement, now chairs the Securities and Exchange Commission and has already reassigned several enforcement lawyers away from crypto probes while floating various exemptions for decentralized finance (DeFi) platforms. A friendlier set of rules tends to invite bigger pools of capital to the markets. On that note, Bitcoin notched a fresh all-time high of $123,000 on July 14. That move has more than a few causes, but recent regulatory changes are doubtlessly part of the story. Meanwhile, Trump-controlled enterprises keep inventing fresh crypto on-ramps. For example, World Liberty Financial's dollar-pegged stablecoin and forthcoming governance token have already raised more than $550 million. During the week of July 11, a company from the United Arab Emirates injected another $100 million into the platform, elevating a project entwined with presidential branding, and raising numerous unanswered questions regarding the high likelihood of conflicts of interest. Regardless of one's view on the propriety of foreign businesses investing in ventures that the president has a direct financial interest in, those funds are real bids that lift valuations across adjacent tokens. Add in the White House's June 30 crypto summit and appointment of a dedicated crypto czar, and it's hard to argue the administration is backing away from the sector. So, is the crypto mania dying? Nope. It's actually picking up after a lull. Price charts of Trump-related coins say enthusiasm cooled, but policy and capital flows suggest the broader Trump-crypto axis still has horsepower, and that the president's impact on the market is far wider than his impact on his branded tokens. Long-term investors should separate the noise of meme token gyrations from the signal of structural supply constraints and increasingly dovish regulators. Assuming Washington follows through on developing sound custody rules and with its reserve accumulation plans, crypto's rise will persist well beyond this news cycle -- though it is unlikely that the Official Trump tokens will ever keep pace with the sector's flagship assets. Before you buy stock in Official Trump, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Official Trump wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $680,559!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,005,670!* Now, it's worth noting Stock Advisor's total average return is 1,053% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025 Alex Carchidi has positions in Bitcoin and Solana. The Motley Fool has positions in and recommends Bitcoin and Solana. The Motley Fool has a disclosure policy. Is the Trump-Fueled Crypto Mania Dying Down? was originally published by The Motley Fool
Axios
15-07-2025
- Business
- Axios
Trump gets another chance to sell TRUMP this weekend
This weekend may offer some clues about whether or not President Trump has any regrets about releasing a meme coin just before he took office. Why it matters: Selling 200 million Official Trump (TRUMP) tokens on the Solana blockchain gave him multiple billions in paper wealth nearly instantly, but it has also been fodder for Democrats' cries of corruption, and even skepticism from some industry allies. Driving the news: On Saturday, around $500 million worth of the president's meme coin, Official Trump, will unlock, which means that they could theoretically get dumped on the market, earning millions and millions for the Trump family. What we're watching: Whether or not they actually sell. If they don't, that could be a sign that the first family understands it has paid a high political price for profiting off the president's image. Forty million or so unlocked in April, too, but none of those have been sold. The originating smart contract still holds 80% of the supply. In other words, it's still just 200 million in the wild, even though small amounts unlock every day. None of that new supply has hit the market — yet. All 1 billion Trump tokens will unlock over a three-year period, but it remains to be seen if any more will ever be sold. Yes, but: The team behind the token has not been idle. It just announced the token would go live on the Tron blockchain, which is popular for making small transactions globally, particularly in Asia. Tron's creator, Justin Sun, already one of the biggest holders of Official Trump, announced he would buy another $100 million worth. The White House directed Axios to the Trump Organization for comment, but it did not reply. By the numbers: In May, blockchain intelligence firm Chainalysis estimated that the Trump organization had earned $320 million in trading fees from supplying liquidity in the market for the meme coin. That's besides what was earned on the massive initial sale in January. (Trump has not yet released a financial disclosure covering January 2025.) Reality check: While the president has been an ardent supporter of the digital asset industry since 2024, the money he's made in the industry has created friction for his pro-crypto agenda. Many Democrats, who were otherwise eager to support creating rules for cryptocurrency, objected once it looked like doing so would be profitable for the president. What they're saying: "President Trump should instill public confidence in his administration, and in the integrity of crypto markets, by divesting from this industry," Richard Painter, a University of Minnesota law professor and former chief ethics lawyer in the George W. Bush White House, told the Senate Banking Committee last week. Threat level: The token is down badly from its early highs over $40. It currently trades a little below $10 each. Meme coins grabbed headlines but most of the money has still gone into bitcoin, which represents more than 60% of all the value in the crypto market. The bottom line: If July 19 comes and goes and the original wallet still holds 80% of the total supply, it could be an indication of the complications of Trump's crypto embrace.
Malay Mail
27-06-2025
- Business
- Malay Mail
Results of the IX Digital Asset Industry Classification System ("DAICS®") 1H 2025 Review
DAICS ® coin coverage: top 50 coins by average market capitalization across the past 90 days coin coverage: top 50 coins by average market capitalization across the past 90 days DAICS ® market capitalization coverage: 97.53%* market capitalization coverage: 97.53%* The % coverage of market capitalization of the 50th ranked coin: 0.060%** Member changes within the Top 50 Coins in DAICS ® : eight coins added and eight coins deleted : eight coins added and eight coins deleted Additions: Hyperliquid (HYPE), Pi (PI), Bitget Token (BGB), Mantra (OM), Ondo (ONDO), Gate Token (GT), Official Trump (TRUMP), and Ethena (ENA) Deletions: Artificial Superintelligence Alliance (ASI), Stacks (STX), Dogwifhat (WIFG), Arbitrum (ARB), ImmutableX (IMXG), Injective Protocol (INJ), Optimism (OP), Fantom (FTM): Renamed to Sonic (S) Industry Weighting (%) Payment (110) 78.35% Infrastructure (120) 15.78% Financial Services (130) 4.17% Tech & Data (140) 0.24% Media & Entertainment (150) 1.46% Financial Asset Tokenization (13040) Industry Low Energy-per-transaction (≤ 0.005 Wh) Payment (110) DAIG USDeG KASG FDUSDG Infrastructure (120) NIL Financial Services (130) LEOG OKBG AAVEG Tech & Data (140) TAOG Media & Entertainment (150) PEPEG Current Rank Cryptocurrencies 20 Hyperliquid (HYPE) 23 Pi (PI) 24 Bitget Token (BGB) 34 Mantra (OM) 35 Ondo (ONDO) 41 GateToken (GT) 43 Official Trump (TRUMP) 49 Ethena (ENA) Prev. Rank Cryptocurrencies Current Rank 29 Artificial Superintelligence Alliance (ASI) 54 37 Stacks (STX) 63 39 Dogwifhat (WIFG) 93 42 Arbitrum (ARB) 53 44 ImmutableX (IMXG) 67 47 Injective Protocol (INJ) 66 48 Optimism (OP) 59 50 Fantom (FTM), Renamed to Sonic (S) 55 Category Industry Sector Cryptocurrencies Cryptocurrencies (1) Payment: Blockchain based money, designed for transactional purposes. This includes daily transactions usage and stablecoins. Transaction & Payment BTC XRP XLM BCH LTC PI XMR CRO KASG Stablecoin USD USD DAI G USDeG FDUSDG Infrastructure: Bedrock blockchain that facilitates the operation of other decentralised applications. This includes the creation and running of dedicated blockchain platforms, achieving interoperability between networks, increasing the amount or speed of transactions etc Application Development Protocol & Smart Contract ETH SOL ADA TRX SUI AVAX TON HBAR HYPE APT NEAR ICP ETC GT VET Interoperability LINK DOT ATOM Scaling & Sharding MNT POL Supporting System NIL Financial services: Tokens that provide on-chain asset management services, crypto-exchange services, funding, lending and other capital markets related services Exchange Tokens BNB LEOG BGB UNI OKBG Lending & Borrowing AAVEG Staking ENA Financial Asset Tokenization (NEW) OM ONDO Tech & Data: Provision of data management and storage, and development of innovative crypto technology Storage & Sharing FIL RENDER Data Management NIL Artificial Intelligence TAO G Media & Entertainment: Recreational and media services. Including content creation and distribution, advertising through crypto-asset incentive mechanisms, gaming and collectibles Social Media & Community DOGE SHIB PEPEG TRUMP Streaming NIL Gaming NIL Metaverse NIL Category Industry Sector Sector definition Cryptocurrencies (1) Payment: (110) Definition Blockchain based money, designed for transactional purposes. This includes daily transactions usage and stablecoins. Transaction & Payment (11010) Cryptocurrencies that are used for store of value, unit of account, medium of exchange Stablecoin (11020) Cryptocurrencies where price is pegged to a / a basket of, reference asset Infrastructure: (120) Definition Bedrock blockchain that facilitates the operation of other decentralised applications. This includes the creation and running of dedicated blockchain platforms, achieving interoperability between networks, increasing the amount or speed of transactions etc. Application Development Protocol & Smart Contract (12010) layer-1 blockchain network that facilitates DApp creation and smart contract execution and smart contract Interoperability (12020) Network that increases inter-connectivity and integration of the fragmented cryptocurrency ecosystem Scaling & Sharding (12030) Networks that increase the ability to cope with the influx of many transactions at a time and blockchain network that can be split into smaller partitions, to improve scalability and process transactions quicker Supporting System (12040) Networks/sidechains that improve functionality of layer-1 network Financial services: (130) Definition Tokens that provide on-chain asset management services, crypto-exchange services, funding, lending, and other capital markets related services Exchange Tokens (13010) Cryptocurrencies that represent the stable coin in the exchange ecosystem and allow users to covert from digital asset on decentralised or centralised system int fiat currencies Lending & Borrowing (13020) Borrowing and lending crypto assets with interest in return and other secondary financial tools derived from primary underlying asset, such as crypto futures and options Staking (13030) Holding and "staking" of certain amount of cryptocurrency in a wallet to facilitate network operations Financial Asset Tokenization (13040) (new) Cryptocurrencies/protocols that focus on the tokenized issuance and management of financial assets Tech & Data: (140) Definition Provision of data management and storage, and development of innovative crypto technology Storage & Sharing (14010) Crypto protocols that provide decentralized storage and/or sharing of data filing and resources. Data Management (14020) Networks/Protocols that facilitate the indexing and querying of data from blockchain(s), enabling efficient data retrieval and management for decentralized applications Artificial Intelligence (14030) Cryptos/Protocols that facilitate the use of AI powered apps or projects directly using blockchain platform. Media & Entertainment: (150) Definition Recreational and media services. Including content creation and distribution, advertising through crypto-asset incentive mechanisms, gaming and collectibles Social Media & Community (15010) Cryptos that provides mast social community and followers without a close secondary industry sector Streaming (15020) Cryptos that provides rights to access decentralised video-streaming sites Gaming (15030) Cryptos which mainly used in gaming or gaming supporting industry Metaverse (15040) Cryptos that is commonly used in collective virtual open space, created by the convergence of virtually enhanced physical and digital reality. This includes the use of VR and/or AR and/or 3D. Category Asset Type Branch Sub -branch Asset-Backed Tokens (2) Culture: (205) Definition Real asset relating to sports, art, cultural drama, festive collectibles and design IPs etc. Art (20510) This shall be further developed in the future with more digital assets available in the market Sports (20520) Festive Collectibles (20530) Design IPs (20540) Drama and Play IPs (20550) Real Estate:(215) Definition Assets that mainly derived its valuation from property, real estate, and land Commercial Property (21510) Residential Property (21520) Governmental Property (21530) Residential and Commercial Land (21540) Financials: (235) Definition Real financial asset including listed company shareholdings on regulated centralised exchanges and private company shareholdings; debt instruments; property trusts and derivatives that settled on regulated exchange (CeFi and DeFi). Tokenised Securities (Company Securities, ETF) (23510) Tokenised Debts (23520) Tokenised REITs (23530) Entertainment: (255) Definition Ownership of the IPs assets in the area of entertainment in real world such as concert, play, shows, circus, musicals, songs, movies, games, events and programs, and souvenir collectibles that is derived from the above areas. Movies (25510) This shall be further developed in the future with more digital assets available in the market Songs (25520) Concerts (25530) Gaming (25540) All Other Entertainment Events and Collectibles (25550) Natural Resources: (265) Definition Natural resources asset that derived directly from sea, sky, atmosphere and underground and can be classified as a commodity with standardisation such as precious metals, agricultural, energy and metals. Precious Metals (26510) Agricultural (26520) Energy (26530) Metals (26540) Green Economy (275) Definition Ownership of Projects Asset that falls under the definition of the UN 17SDG²s, with over 80% of the income or jobs provided on these 17 initiatives. No Poverty & Zero Hunger (27510) Following definition of the United Nations 17 sustainable development goals² Good Health and Well-Being (27520) Quality Education (27530) Gender Equality (27540) Clean Water and Sanitation/Affordable and Clean Energy (27550) Decent Work and Economic Growth/ Industry, Innovation, and Infrastructure/ Partnerships for the Goals (27560) Reduced inequalities/ Peace, Justice and Strong Institutions (27570) Sustainable Cities and Communities/Responsible Consumption and Production (27580) Climate Action (27590) Life Below Water & Life on Land (27500) HONG KONG SAR - Media OutReach Newswire - 27 June 2025 - Today, IX Asia Indexes announced the 1Half 2025 Review of the IX Digital Asset Industry Classification System ("DAICS"), aiming to provide professionals worldwide with a transparent and standardized classification scheme to determine sector and exposure of particular digital assets. DAICSclassifies digital assets into 2 main categories: a) Cryptocurrencies and b) Asset Backed Tokens in a 3-tier system for each category. For Cryptocurrencies: Tier 1-Industry/ Tier 2-Sector/ Tier 3-Sub-sector; for Asset Backed Tokens: Tier 1-Asset Type/ Tier 2-Branch/ Tier 3-Sub-branch. The results are as follows:The rankings of additions and deletions for the DAICStop 50 cryptocurrencies are listed in Appendix 1. All classification changes, including the ixCrypto Infrastructure Index and ixCrypto Stablecoin index, will take effect on 18th July 2025, with market capitalization, rankings, and weightings available at *Special currency treatment of DAICSapplies, where any wrapped or second-level cryptocurrency is not considered in the calculation for the market capitalization of DAICS**Based on 6June 2025The industry groups remain unchanged, with 5 industries and the respective weightings as follows:The number of sectors has increased from 16 to 17. There is one new sector added under the industry group "Financial Services (130)":Definition: Cryptocurrencies/protocols that facilitate the tokenized issuance and management of financial assets, including but not limited to real-world assets (treasuries, bonds, real estate). Emphasis is on compliance, institutional integration, fractional ownership, and financial product innovation. The crypto itself is not backed by a corresponding real-world review doesn't have any reclassification of the existing coins. The DAICS® 1H 2025 cryptocurrencies classification is available in Appendix review identifies 9 Green Coins, classified based on their energy-per-unit-transaction, which is defined as the amount of energy consumed for a successful single unit transaction of the coin in the blockchain network. These coins rank in the top 20 percentile of the least energy-consuming cryptocurrencies out of the 50 DAICSconstituents. The top 20 percentile's threshold is ≤ 0.005 Wh. The table below lists these low-energy '' labelling for cryptocurrencies that adhere to the principles of sustainabilityThe asset types remain unchanged as follows:1) Culture (205),2) Real Estate (215),3) Financials (235),4) Entertainment (255),5) Natural Resources (265), and6) Green Economy (275)The branches remain unchanged at 31.2.2. Classification ChangesThis review doesn't have any reclassification of the existing Asia Indexes has not started classifying ABTs. As of June 6, 2025, ABTs comprised only 0.67% of the total market capitalization of digital assets, a rise from 0.11% in the 2024 2H review.A classification summary and definition table of both cryptocurrencies and Asset Backed Tokensare available in Appendices 3 and 4. For further information regarding the methodology of the DAICS, please refer to the "IX Digital Asset Industry Classification System"- principle and guiding methodology on the company website For more details on DAICS® qualification criteria, please email daics@ix as '' for cryptocurrencies that adhere to the principles of sustainabilityfor newly added sectorNote:for newly added sector² United Nations 17 sustainable development goals covering 1) No Poverty 2) Zero Hunger 3) Good Health and Well-Being 4) Quality Education 5) Gender Equality 6) Clean Water and Sanitation 7) Affordable And Clean Energy 8) Decent Work and Economic Growth 9) Industry, Innovation and Infrastructure 10) Reduced inequalities 11) Sustainable Cities and Communities 12) Responsible Consumption and Production 13) Climate Action 14) Life Below Water 15) Life on Land 16) Peace, Justice and Strong Institutions and 17) Partnerships for the Goals The issuer is solely responsible for the content of this announcement. About DAICS® DAICS® covers both cryptocurrencies and asset-backed tokens ("ABT"), to be reviewed semi-annually at the end of June and December. On the cryptocurrency side, it is a three-tier system that groups cryptocurrencies into 5 main industries: 1) Payment, 2) Infrastructure, 3) Financial services, 4) Technology & Data, and 5) Media & Entertainment. These industries are further divided into 16 sectors and sub-sectors to be introduced in the future. Under asset-backed tokens, there are 6 asset types: 1) Culture, 2) Real Estate, 3) Financials, 4) Entertainment, 5) Natural Resources, 6) Green Economy. These asset types are further divided into 31 branches and sub-branches to be introduced in the future. About the IX Asia Tokenization Advisory Committee and Working Group The establishment of the IX Asia Tokenization Advisory Committee ("Advisory Committee") is to pursue the goal and vision of formulating a standard for a global tokenization framework in a compliant and transparent way. The key role of the Advisory Committee is to formulate the guidelines and references for tokenization in terms of infrastructure, business, financial stability, sustainability, internal control, and classification. The Advisory Committee is comprised of industry-recognised leaders from blockchain consultancy, sustainable projects, and the field of the Art industry. The establishment of the Working Group is to identify, evaluate and recommend key directions and founding principles according to their specific industry knowledge and expertise in relating to the creation of the specified token. It will examine and propose improvements to the guidelines and references for tokenization. The working group is formed of a diverse group of market experts representing relevant sectors and markets, to provide input and discuss case studies for creation of tokenization framework, best practices and development of real-world projects. For more information about IX Asia Tokenization Advisory Committee & Working Group, please visit
Yahoo
17-06-2025
- Business
- Yahoo
Everything Investors Should Know About the $TRUMP Meme Coin
About 40% of $TRUMP buyers lost money. $TRUMP is currently trading at about 85% less than its all-time high. Political tokens may be a new type of meme coin. 10 stocks we like better than Official Trump › The first thing investors should know about the Official Trump (CRYPTO: TRUMP) coin is that it isn't an investment. Even its website says so. The site says the token is a way to express support for the ideals embodied by its $TRUMP symbol, but is not intended as an investment of any type. That makes it a true meme coin. The second thing people should know is that many buyers have lost money, at least on paper. Chainalysis data shows that about 40% of the wallets that bought $TRUMP are down on their investments, according to CNBC. In contrast, the people behind the project have made more than $324 million in trading fees. Plus, 58 wallets have seen gains of more than $10 million. The token is the best-known incarnation of a new type of crypto: PolitiFi. In this article, I'll look at what PolitFi is, who's behind $TRUMP, and whether anyone should buy it. The Official Trump coin was built on the (CRYPTO: SOL) blockchain and launched just a few days before the presidential inauguration in 2025. It initially soared to a high of $73.43, according to CoinGecko data. At the time of writing (June 16), it is trading at just over $10, down about 85% from its high. An initial 200 million tokens were released, with the remaining 800 million creator-controlled tokens vested during three years. The first release of vested tokens was due in April, but the group delayed it by 90 days. This structure is designed to stop creators from selling tokens early in a project. Even so, a limited number of people still control a large proportion of tokens. It's surprisingly hard to know who runs the Official Trump coin. According to its website, 80% of $TRUMP is owned by Fight Fight Fight LLC and CIC Digital, an affiliate of the Trump Organization. The Trump Organization is led by the president's sons, Eric Trump and Donald Trump Jr. However, Donald Trump Jr. told CNBC that he was not involved in the creation of the coin. Fight Fight Fight LLC was listed by William Zanker in Delaware. Bloomberg reports that Zanker has several Trump-adjacent businesses. In May, the Permanent Subcommittee on Investigations wrote to Zanker asking for clarity on the ownership and management structure of the organization, among other things. Most recently, Eric Trump said World Liberty Financial -- a Trump family decentralized finance venture -- would "acquire a substantial position in $TRUMP for their Long-Term Treasury." There are certainly strong connections between people, companies, and organizations close to the Trump family and the coin. Politics meet crypto in what's being dubbed PolitFi. It's a bit soon to give this trend a name, since we've only really seen $TRUMP, $MELANIA (called Official Melania Meme), and LIBRA (CRYPTO: LIBRA) in Argentina. LIBRA, endorsed by Argentina President Javier Milei on social media, turned into a scandal. The coin creators made millions of dollars by selling shortly after Milei's post, while retail investors lost their cash. Whether they are endorsed by politicians or celebrities, meme coins carry a high risk of fraud. They are cheap to create and aren't intended as investments. Plus, the Securities and Exchange Commission (SEC) has washed its hands of meme coins, stating that they are not securities. There are also ethical questions about oversight. PolitFi lets individuals circumvent existing political fundraising regulations, particularly those around foreign interference. One reason people might buy $TRUMP is as a type of fan token -- similar to those of the Manchester City and FC Barcelona football teams. You may feel it's a way of being part of the Trump community. Politics aside, you might speculate that its price may rise, particularly if the president mentions it again on social media. However, this can be risky. It is difficult to buy or sell at the right point in time, and there are no guarantees that the price will go up. As the LIBRA scandal in Argentina showed, it's the insiders who are in the best position to profit from meme coin speculation. Ultimately, if you're considering buying $TRUMP as an investment, there are a lot of assets with better prospects. You might consider Bitcoin (CRYPTO: BTC), which has more of a track record than any other crypto and is gaining traction as a hedge against market turmoil. Or, if you want a way to get exposure to meme coins without buying the tokens themselves, consider Solana. The platform has become a popular choice for meme coin creators, which is good for Solana holders. Ultimately, the Official Trump coin does not make sense as a long-term investment. In addition to its less-than-transparent leadership structure, its tokenomics are a major red flag. When insiders control 80% of any token, it is too easy for them to manipulate the price -- even with a three-year vesting period. Before you buy stock in Official Trump, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Official Trump wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,702!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $870,207!* Now, it's worth noting Stock Advisor's total average return is 988% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Emma Newbery has positions in Solana. The Motley Fool has positions in and recommends Bitcoin and Solana. The Motley Fool has a disclosure policy. Everything Investors Should Know About the $TRUMP Meme Coin was originally published by The Motley Fool Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
