A majority of TRUMP token holders are reporting minimal profits or losses, according to a financial analyst, who deems the tokenomics of the token as outdated.
In the world of cryptocurrency, the TRUMP meme token, associated with former U.S. President Donald Trump, has been a subject of interest and volatility. A recent report by David Zimmerman, a DeFi analyst at K33 Research, published by The Block, has raised concerns about the token's tokenomics.
Zimmerman's report suggests that the TRUMP token's distribution structures are outdated, as the market is increasingly favouring fully circulating supplies at launch. The analyst also pointed out that it is unclear who the creators of the TRUMP token are.
As of January 22, 2025, the circulating supply of USDC, the stablecoin associated with the TRUMP token, stands at $51,042,707,917. Circle, the issuer of USDC, has minted an additional 3.5 billion USDC to provide liquidity for TRUMP.
The daily volume of the TRUMP token has dropped to $476 million. Investors in the TRUMP token are predominantly at break-even or losing up to $1,000. Very few TRUMP token holders have gains or losses over $10,000, and holders in profit are fewer than those losing money.
It is important to note that the report does not provide information about Donald Trump's specific financial interest in the TRUMP token through CIC Digital. However, Zimmerman did mention that Trump holds a significant financial interest in the TRUMP token through CIC Digital.
In other news, the market is moving away from tokenomics like TRUMP's, which are not fully circulating at launch. Justin Sun, a prominent figure in the crypto space, has shown interest in the token with a proposed $100 million investment, which could significantly impact its future price and market dynamics.
Meanwhile, MELANIA, the meme coin from Trump's wife, has weakened, declining 10% over the last 24 hours, trading below $4 at press time.
The watchdog organization Citizens for Responsibility and Ethics in Washington is preparing lawsuits against Trump on various issues, including the creation of the TRUMP meme coin.
As always, potential investors are advised to do thorough research and consider all factors before investing in any cryptocurrency.
- The report by DeFi analyst David Zimmerman raised concerns about the TRUMP token's finance, particularly its outdated distribution structures that favor fully circulating supplies at launch.
- Despite the drop in daily volume of the TRUMP token, Justin Sun, a prominent figure in the crypto space, has expressed interest in investing $100 million, which could potentially impact the token's finance and market dynamics.
