Tracking TRUMP: What other meme coins have been created by TRUMP creators?

Source: TRM; Compiler: 0xjs@金财经

On January 18, then-President-elect Donald Trump launched the $TRUMP token, a meme coin on the Solana blockchain, marking a major step for him in the cryptocurrency space. The TRUMP token was announced through X and Truth Social, and is promoted as a digital asset that embodies community values ​​and “wins.” Based on the Solana blockchain, the $TRUMP token takes advantage of the blockchain's high-speed, low-cost transaction infrastructure, making it highly efficient to trade and integrate within the ecosystem.

Following the launch of $TRUMP, the incoming first lady announced on Sunday that she was also launching her own meme coin on Solana. "The official Melania Meme coin is online!" she posted on the X platform. After the MELANIA token was released, the total market value quickly surged to approximately US$1.6 billion.

Specifics of the TRUMP token include a total supply of 1 billion. At launch, 200 million tokens (20%) will be available for purchase by the public via the official $TRUMP website, with support for payments using debit cards and cryptocurrencies. The remaining 800 million tokens (80%) are allocated to CIC Digital LLC, an affiliate of the Trump Organization. These reserved tokens are locked for 3 to 12 months and subsequently unlocked on a daily progressive unlocking schedule over the next 24 months. This organized release mechanism is designed to reduce the risk of large-scale sell-offs and ensure market stability.

Meme Coin

Meme currency is a unique type of digital currency that relies on Internet culture, Meme and social trends to develop. Unlike cryptocurrencies such as Bitcoin or Ethereum, which are built on technological innovation or specific practical functions, meme coins derive their value primarily from community engagement and viral appeal. Popularized on platforms like X, Reddit, and Telegram, these tokens are often speculative in nature, with market performance driven by hype rather than intrinsic functionality.

Prominent examples of meme coins include Dogecoin (DOGE), which started as a joke but later became one of the most widely known cryptocurrencies; and Shiba Inucoin (SHIB), often called the "Dogecoin killer" at its peak Period market capitalization reached billions of dollars. Others, like PEPE, based on the internet meme “Pepe the Frog,” and FLOKI, inspired by Elon Musk’s dog, have gained recognition for their community-driven growth focus on. These tokens demonstrate the speculative and volatile nature of meme coins.

Market performance and reaction

Shortly after $TRUMP was launched, its value quickly climbed. The price first rose to about US$10 per coin, then surged to a peak of US$74.59 within a few hours, and then stabilized at around US$52. This rapid growth has pushed the coin’s market capitalization to nearly $11 billion, placing it among the leading cryptocurrencies by valuation.

The launch of TRUMP attracted significant attention from retail investors and cryptocurrency enthusiasts, driven by Trump’s global popularity and the cultural appeal of the meme coin. However, this popularity has also prompted scrutiny of potential conflicts of interest and the regulatory framework for such tokens.

Worry about running away

Since its launch, the media has raised some questions as to whether it might be a “run and dump” or “pump and dump” scam. A “runaway” is a cryptocurrency scam in which developers suddenly drain liquidity from a project, causing the value of the token to plummet, leaving investors with assets worthless. And "pump and dump," as the name suggests, means that asset owners artificially inflate the value of an asset and then sell it when the asset reaches its peak.

While the token value has fallen to approximately $38 per coin as of January 21, 2025, down 50% from last weekend’s highs, $TRUMP does not bear the hallmarks of recent “pump and dump” scams. According to the CFTC, "pump and dump" often involves fake news reports, anonymous organizers, and the entire process can be over in minutes.

For example, in October 2021, scammers launched a token called $SQUID, named after the popular Korean Netflix series Squidward. Its glossy website and polished social media accounts are filled with images of the show, giving the illusion of official approval. Within weeks of $SQUID’s launch, the price surged over 40,000%. But as holders rush to cash out their gains, they are shut out by the smart contracts that underpin the tokens. It turns out that these contracts only allow the creator to sell. When the creators cashed out, the price of $SQUID plummeted from $2,862 to less than a cent, leaving investors with no money back. In an instant, anonymous scammers walked away with millions of dollars, some of which was transferred through mixers and other on-chain money laundering methods.

Additionally, well-known and licensed exchanges are offering trading for $TRUMP on their platforms (unusual for a get-rich-quick meme coin), and reserved tokens are locked for up to 12 months, with two The gradual unlocking during the year reduces the risk of sudden sell-offs that are typical of "runaway" or "pump and dump" transactions.

Value trends since launch, data from Coinmarketcap.com

While previous similarly themed coins, such as Solana-based Trumpcoin (DJT) launched in June 2024, have been linked to fraudulent activity, $TRUMP has shown relative stability and transparency since its launch. Despite initial skepticism, there were no sudden liquidity withdrawals or developer misconduct, which further supports the conclusion that $TRUMP does not have the characteristics of a "runaway", although things can change very quickly in the world of meme coins that operate around the clock. However, the large number of insider allocations has sparked discussions about volatility and foreign influence in the meme coin market and highlighted the need for regulatory oversight in the evolving meme coin space.

Activities of TRUMP creators

The $TRUMP token was created on the Solana blockchain at the address 6p6xgHyF7AeE6TZkSmFsko444wqoP15icUSqi2jfGiPN.

Through TRM forensic tools, we can see details of transactions and other assets related to this address.

The $TRUMP address appears to hold other Meme tokens such as

" Trump Second Chance" (ETJ3eax4qn5EezzsarNuxEJamD67KXa7z8W4uKEWpump),

" "Official Trump Coin" (BAKr8e4iV1Y2c2XJxVFhbMyYnfcRU4dvkaKzQUsepump)

and "Mark Cuban Meme" (AVH97ZaMnUmZYGdSJTEJ6KRSicxGGf7ijQ994rm5pump).

These additional Meme coin addresses end with “pump,” which most likely means they were created for trading on the pump.fun platform.

It’s unclear if the creators plan to launch these additional meme coins next, or if the creator of $TRUMP also owns two other President Trump-related tokens that appear to be ready for launch as well as the Mark Cuban meme coin , does this have any special meaning?

$TRUMP’s impact on communities and culture

As a Meme coin, $TRUMP incorporates cultural and political narratives, becoming a speculative asset while also promoting community participation. Its launch has sparked discussions about the intersection of politics, digital assets and investor behavior. Despite criticism, $TRUMP’s success demonstrates the growing influence of cultural figures in the cryptocurrency space, which presents both opportunities and challenges.

Although there is currently no evidence that $TRUMP is a "runaway" scam, its large internal staffing and cultural prominence indicate the need for careful supervision.