Millions of Trump meme coins could flood the crypto market starting this week, potentially reshaping the future of one of the most controversial cryptocurrencies in circulation.
Entities affiliated with President Donald Trump now have the right to sell a large portion of the meme coin named after him, $TRUMP, starting Wednesday July 17. The move could unlock hundreds of millions of dollars in digital tokens, intensifying scrutiny over Trump’s growing involvement in crypto and raising fresh questions about potential conflicts of interest.
The Meme Coin With Presidential Backing
The $TRUMP token launched on January 17, just three days before Trump officially returned to the White House. A total of 1 billion $TRUMP tokens were created, but only 200 million have been circulating in the market. The remaining 800 million, or 80 percent of the total supply, are held by two entities: CIC Digital LLC, a Trump Organization affiliate, and Fight Fight Fight LLC, another company tied to the former president, according to the official $TRUMP website gettrumpmemes.com.
A vesting schedule outlined on the site allows the token creators to gradually release more of the supply over a three-year period.
Back in April, CIC and its partners were permitted to sell up to 40 million tokens but chose not to. As of July 17, they are authorized to sell an additional 50 million. That brings the total available for sale to 90 million $TRUMP tokens, almost half of the current circulating supply.
At current market price of $10.06, those tokens are worth more than $900 million.
Justin Sun Says He’s Buying. But Has He?
So far, it is unclear whether Trump-linked entities plan to sell. But one potential buyer has already stepped up: crypto billionaire Justin Sun.
“We are committed to buying $100M of $TRUMP! Together, $TRUMP and #TRON are the future of Crypto,” Sun posted on X on July 9.
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