TRUMP Token Promising or Doubtful?

[Suba]

OFFICIAL TRUMP (TRUMP) was launched on Jan 18, 2025, and operates on the Solana network, max supply 1 billion TRUMP, currently 200 million tokens are available for trading, 20% are allocated for liquidity and for public circulation and the rest are in several company groups. When the TRUMP token was launched, its price skyrocketed overnight, and currently the price of TRUMP has reached $ 35. Soaring faster than Bitcoin. So that it triggers doubts or concerns from expert investors, such as:

80% of the total token supply is held by token creators
Distribution that is not widely spread, 90% of the tokens in circulation are owned by 5 wallet whales.

What do you think about the launch of this official Trump meme coin?

 

[eLdavis]

To be honest am not so sure, at the moment it is promising but we all know when it comes to crypto, anything can happen at anytime.

 

[Niyi Br]

Trump token did everyone dirty in its first few days. But it has potential to pump but might not get to it's launch day price.

 

[Suba]

Currently on Coinmarketcap, the price of TRUMP token is starting to turn red, maybe there are no retail investors speculating on buying or investing, maybe it is more suitable as a trading instrument.

 

[Starmix]

It will be promising. The US President will not put himself to disgrace to be attacked in case his coins failed. Elon Musk might be his adviser.

 

[Kross]

I really believe that $TRUMP is a good token that has high promise. I feel it would see radical price increase soon.

 

[riberet19]

I would be hesitant, mostly because most tokens are in the hands of a few.

 

[Augusta]

For me I think it is showing sigm that it will be promising . We just have to keep our fingers crossed and see how it goes