A year has passed since the launch of Donald Trump's official digital currency.
Since then:
- It was launched on the Solana platform at a price of around $1.
- On the same day, its price increased significantly
- Investors raced to buy it.
- It was quickly listed by platforms.
- Trump himself publicly promoted it.
- Total supply is 1 billion.
~80% of it is under the control of Trump's companies.
Within hours:
- The price reached ~75 dollars.
- The market capitalization reached ~15 billion dollars.
After weeks:
- Insiders and entities associated with Trump began to take profits.
By March 2025:
- The Financial Times confirmed that revenues associated with entities linked to Trump exceeded $350 million
- Most of it came from token sales and trading fees.
April 2025:
- Announcement of a special dinner for major shareholders.
May 2025:
- The dinner was held.
- Major shareholders met with Trump.
- Justin Sun appeared after buying about $20 million worth.
- He received a pardon from Trump
- Corruption charges.
After that:
- From $75 to less than $6.
- A decline of over 90% from the peak.
Attempts to capitalize came too late:
- A simple GameFi product.
- Basic NFTs.
- A dinner for investors in the $trump currency.
It is a case study on how to destroy the market.
