Donald Trump has 47 billion USD in TRUMP virtual currency unlocked during his presidency

President-elect Donald Trump launched a meme coin named TRUMP on January 18, in which he owns 80% of the unlocked supply during his presidency, creating a frenzy over the weekend. Initially, most people thought that Trump’s social media accounts had been hacked. However, as days went by, it became clear that this project was real, and the elected President of the United States actually launched a memecoin in the middle of the night during his inauguration weekend. This announcement first appeared on Trump’s social media accounts, including Truth Social and X. The stated goal of the project is to honor a leader who, according to the official website, does not yield to pressure. After launching, the token price has quickly increased from a few cents to over $50 in just 24 hours, and the market capitalization has risen to nearly $15 billion, placing TRUMP among the top 20 digital assets. According to Politico, Coffeezilla, and many other newspapers, this currency is managed by CIC Digital LLC, a subsidiary of Trump Organization holding 80% of the total tokens along with Fight Fight Fight LLC. One billion TRUMP tokens have been minted, with 20% of the supply currently in circulation. Trump and his team will release tokens over the next three years, meaning they will be able to extract the full value of the tokens while he is still in office. As of the media reports, TRUMP has a market capitalization of $11.7 billion and a fully diluted value of $58.8 billion. With 80% under Trump’s control through CIC Digital, this figure corresponds to $47 billion. Forbes reported the net worth of him at around $5 billion before the end of this week. Although it is unclear how much of that 80% is directly owned by President Trump himself, he has increased his net worth on paper nearly tenfold. To help you understand better, 80% of the circulating supply will be equivalent to around $9.6 billion, with the current token price at around $57. For most new memecoins, it will be cautious to note the low liquidity of the token, indicating that whales may have difficulty cashing out. However, TRUMP has had a trading volume of over $55 billion in the past 24 hours, so liquidity is not a big issue. However, like any centralized token, centralized ownership is a risk factor for holders as it can make the token vulnerable to manipulation or unpredictable price changes. Trump has committed to strengthening the position of the United States in the field of cryptocurrencies, affirming that the United States will become the global hub of digital assets. The launch of a memecoin aligns with this narrative for those who believe that memecoins are a legitimate path for outstanding new users in building a community. According to the BBC, ethics watchdogs have expressed concerns about the potential for conflicts of interest, especially as Trump is about to step into the White House. The launch has sparked further debate when First Lady Melania Trump introduced her own meme currency called MELANIA. Some argue that this has disrupted the TRUMP market and caused a 50% drop before partially recovering. However, Bitcoin also declined during this time as the Asian market opened for the week. Supporters see TRUMP token as a sign of free market principles, while critics argue that it exploits brand recognition and raises ethical questions about the president’s policy-making. AP reports that regulators may scrutinize this model more closely, especially if foreign entities gain significant token holdings. However, Trump will take office in a few hours and says that regulatory agencies have been in his sights. Token TRUMP continues to generate debate as Trump prepares for his inauguration today. A Polymarket predicts that TRUMP’s FDV during his inauguration has exceeded the highest estimate of $15 billion with a certainty of 94%.