TRUMP Coin Plummets 90% After Launch, Plans Tron Expansion

TRUMP, a meme coin, was launched on the Solana blockchain on January 17, 2025, with an initial issuance of 200 million tokens out of a planned total supply of 1 billion. The coin's price surged from under $10 to $80 within hours of its launch, pushing its fully diluted valuation to nearly $75 billion. However, by July 2025, the price of TRUMP had dropped to $8.60, marking a 90% decline from its peak. Its circulating market cap now stands at around $1.70 billion, with a fully diluted value of approximately $8.60 billion.

TRUMP is planning its first expansion beyond Solana by launching on the Tron blockchain. This strategic move aims to leverage Tron's extensive user base and faster transaction speeds. Tron has over 100 million accounts and offers sub-second confirmations, which the TRUMP team believes could attract a new wave of buyers and traders. The official X account of the project announced this development, stating that $TRUMP on Tron is imminent.

The extreme volatility of TRUMP is evident from its rollercoaster debut. After the initial frenzy in January, the coin's price plummeted by 88% from $80 to $8.60, erasing roughly $65 billion in valuation. The current price reflects speculative trading rather than long-term adoption, with investors experiencing massive gains briefly followed by steep losses.

Tron founder Justin Sun has disclosed that he is the largest holder of TRUMP tokens. He reportedly owns nearly $19 million worth of tokens after a $75 million investment in Trump’s World Liberty Financial platform. Sun's position includes perks such as a "private dinner" with the top 220 token holders at US President Donald Trump’s Virginia golf club. Critics argue that such arrangements blur the line between crypto hype and pay-to-play politics.

Two Trump-affiliated companies, CIC Digital LLC and Fight Fight Fight LLC, control 80% of TRUMP’s token supply. These tokens are locked under a three-year vesting schedule. Analysts warn that such a high concentration of tokens in the hands of insiders can manipulate prices, contradicting the principles of open and fair crypto systems. Senators have called for new rules to curb how politicians and their allies can launch or endorse digital coins, citing concerns about personal gain and campaign boosts.

As TRUMP prepares for its Tron debut, both traders and regulators are closely monitoring the situation. The move could spark a fresh surge in trading activity. However, the same factors that drove its initial spike—viral hype, insider perks, and heavy token concentration—could also lead to another steep plunge. The launch on Tron is expected to bring both opportunities and challenges, with the potential for significant market movements.