I was sipping my coffee and reading about President Donald Trump’s $TRUMP memecoin, which he launched just before his second inauguration, and I have to say, it’s been a wild ride. The memecoin was an instant success, catapulting to a $15 billion market valuation, but it’s now worth just $400 million – a 97% implosion. I guess you could say that’s a bit of a rollercoaster ride for investors. Meanwhile, Trump has been raking it in, with his company earning hundreds of millions of dollars from transaction and licensing fees associated with the coin.
As I delved deeper into the story, I found it interesting that Trump attributed his enormous wealth increase in 2025 to the stock market, saying “You know why I’m profiting, because the stock market’s going up. Everybody’s profiting.” But, as it turns out, most of his gains actually came from crypto, not stocks. It’s almost as if he was trying to downplay the role of his memecoin in his wealth increase.
The way Trump’s company structured the memecoin is quite clever, really. They own 80% of the coin’s supply, and Trump earns transaction fees every time the coin is bought or sold. So, even if the coin’s value plummets, Trump still gets paid. It’s a pretty sweet deal for him, if you ask me.
I also learned that memecoins like $TRUMP are notoriously risky and speculative, with no intrinsic value. They’re prone to surging and then tumbling in price, and they can be used for scams like “rug-pulls.” But, apparently, $TRUMP was advertised as rug-pull-proof, which might have made it seem more appealing to investors.
It’s amusing to think about why people would invest in $TRUMP. Maybe they wanted to support the president, or maybe they thought it would be a lucrative investment. Or perhaps they just wanted to attend a fancy dinner with Trump and gain access to his inner circle. Whatever the reason, it’s clear that some big-pocketed investors were willing to pour money into the memecoin to get close to the president.
Last May, Trump even hosted a black-tie dinner for the top 220 holders of $TRUMP, with the 25 biggest investors getting access to a VIP reception with the president. I can only imagine what that dinner conversation must have been like. “So, how’s your investment in $TRUMP doing?” “Oh, you know, it’s down 97%, but hey, at least I got to meet the president!”
In conclusion, the story of $TRUMP memecoin is a fascinating one, full of twists and turns. While it may have been a lousy investment for some, Trump certainly came out on top. And who knows, maybe one day we’ll see a $TRUMP memecoin resurgence – but I wouldn’t hold my breath if I were you. As I finish my coffee, I’m left wondering what other surprises the world of crypto has in store for us.
Armchair patriot. Believes in the free market, cold beer, and that there’s always a guy named George behind every CNN segment.
Former remote-throwing champion turned #1 couch commentator on liberal panic in the media. Born in Texas (or so his mug says), he earned a degree in Fake Newsology & Beer Philosophy from YouTube University.
