President Donald Trump has launched the “Official Trump” token, or $TRUMP, on the Solana blockchain network. Despite its viral success, the coin’s value quickly dropped after a 1,100% surge in just 36 hours. Reports suggesting that Trump could be worth $58 billion from the coin are exaggerated due to a skewed metric.
The coin’s two main owners, CIC Digital LLC and Fight Fight Fight LLC, collectively hold an 80% stake in its supply. However, this estimate is based on a theoretical calculation of the coin’s fully diluted valuation, which may not accurately reflect Trump’s actual wealth.
Using market capitalization as a more sensible metric, an 80% stake would be worth $6.2 billion, but this estimate is still dubious due to the lack of supply on the market. As meme tokens are known for their volatility, traders have expressed hesitation about dilution. The launch of Melania Trump’s $MELANIA meme coin was also viewed negatively by the market.
The value of Trump’s wealth remains largely unchanged, with his social media business and real estate accounting for most of his fortune. The cryptocurrency landscape has been described as a “new chaotic crypto era,” highlighting its unpredictability.
Source: https://www.forbes.com/sites/dereksaul/2025/01/21/donald-trump-did-not-get-tens-of-billions-of-dollars-richer-from-trump-meme-coin-heres-why