What are the fundamental characteristics of the Trump crypto project?

Introduction to the Trump Crypto Project

The Trump Crypto Project, spearheaded by former President Donald Trump, is a unique venture into the world of digital currency. The projects flagship coin, the $TRUMP meme coin, launched on January 17, 2025, and is rapidly gaining traction in the crypto market.

Blockchain Technology

The $TRUMP meme coin operates on the Solana blockchain as a Solana Program Library (SPL) token. This innovative technology aligns with Trumps vision of promoting digital financial technology in the United States. The use of Solana blockchain ensures the coins security, speed, and scalability, making it a reliable digital asset.

Tokenomics

The $TRUMP meme coin has a total supply of 1 billion tokens. Initially, 200 million tokens were released into the market. The remaining 800 million tokens are scheduled to be progressively unlocked over a period of three years. This approach ensures a steady supply of coins in the market, preventing a sudden influx that can potentially destabilize its value.

Ownership

Ownership of the $TRUMP meme coin is primarily held by two Trump-affiliated entities, CIC Digital LLC and Fight Fight Fight LLC. These two entities hold 80% of the total tokens, signifying a strong belief in the projects potential and a commitment to its success.

Market Performance

Since its launch, the $TRUMP meme coin has shown promising market performance. Initially, it reached a market capitalization of over $9 billion and a price of over $70 per coin. It later stabilized around $37 per coin, demonstrating a robust market presence. Given its impressive start, the $TRUMP meme coin is poised to become a significant player in the crypto market.

Supporting Digital Assets and Blockchain Innovation

In line with his crypto project, President Trump has signed an executive order promoting U.S. leadership in digital financial technology. This includes policies supporting the growth of digital assets and blockchain innovation. This move cements the Trump administrations commitment to embracing and advancing the use of blockchain technology and digital assets.