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The memecoin $TRUMP has dropped over 10% to $1.43 following the U.S. midterm election results. Launched by Donald Trump on January 17, 2025, the cryptocurrency is hosted on the Solana blockchain. Out of 1 billion tokens, 800 million belong to Trump's companies, while 200 million were made available to the public. By January 18, the total market value reached $27 billion. In March 2025, it was reported that Trump's crypto project generated $350 million in sales and fees. However, the initiative faced ethical criticism due to potential conflicts of interest and its connection to Trump's presidential duties.
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