TRUMP is a SPL memecoin on the Solana Network that was launched on January 18, 2025, ahead of Donald Trump’s inauguration as the 47th president of the United States of America. Official Trump token was created by CIC Digital LLC, which is an affiliate of Trump Organization.1 Upon its public launch, Donald Trump took to social media to announce his new token, saying “My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community.” 2 The TRUMP token does not appear to have any utility beyond helping holders participate in the meme culture, and there are no plans or roadmap for future development on the Official Trump website.

As with all assets, investing in TRUMP is not without some general risks. All of the risks of trading and staking crypto that are identified and explained in our Risk Statement apply to TRUMP. In addition to the general risks, we outline some risks that are specific to TRUMP below. While we make an effort to identify every source of risk, we encourage you to do your own research and ensure you are comfortable investing in TRUMP.

As TRUMP is an SPL token (address 6p6xgHyF7AeE6TZkSmFsko444wqoP15icUSqi2jfGiPN) on the Solana network, it is highly dependent on the continued stability of that network. Any fundamental issues in the Solana network may impact TRUMP’s token value. Investors should consider this dependency, and the Solana network’s history with respect to stability, when evaluating TRUMP.

TRUMP is one of many digital assets that are classified as memecoins. Memecoins follow internet trends and are susceptible to volatility influenced by social media activity, online jokes, and adoption or comments by celebrities or public figures. However, as with typical internet memes, trends may be fleeting and those steep increases could level off very quickly as meme-followers lose interest. There is no utility for this token beyond participating in the meme.

As of February 2026, approximately 23% of the total supply of TRUMP has been released to the public. The majority of the remaining supply is reserved for creators and wallets controlled by CIC Digital LLC, which is an affiliate of the Trump Organization. These tokenomics are abnormal, and potential investors should be aware of the vast ownership of the creators and CIC Digital. The reserved tokens are being unlocked over a 33-month period, which began in April 2025.