The post President Trump’s memecoin is doing poorly appeared on BitcoinEthereumNews.com.

The “official” Donald J. Trump memecoin, TRUMP, has done extraordinarily poorly despite endorsements from his children. It was launched on January 18 this year, two days before Trump’s inauguration, and data from CoinGecko says that its market capitalization was $5.8 billion. This was immediately valuable to the Trump family, with the official website noting that 80% of the total supply was held back for the “creators and CIC Digital” and would be valued at $4.6 billion on this first day of trading. CIC Digital is a firm linked to the Trump family. Read more: ANALYSIS: Mapping Donald Trump’s growing crypto empire Eric Trump endorsed this coin on the day of its launch, stating, “$Trump is currently the hottest digital meme on earth.” Donald Trump Jr. endorsed it a day later, stating literally the exact same thing. It quickly reached a peak market capitalization of approximately $8.8 billion on January 22, which would value the 80% “creator and CIC Digital” stake at $7 billion. This sense of peace didn’t last once the TRUMP team announced that it was planning on launching its own crypto wallet. The Trump Organization has zero involvement with this wallet product. @EricTrump and I know nothing about it. Stay tuned—World Liberty Financial @worldlibertyfi, which we have been working tirelessly on, will be launching our official wallet soon. https://t.co/h1wO7dy6AX — Donald Trump Jr. (@DonaldJTrumpJr) June 3, 2025 Read more: ANALYSIS: Eric and Donald Trump Jr. are cashing in on crypto This led to Junior claiming that he and Eric knew nothing about this project and using it as an opportunity to promote World Liberty Financial’s own plan to eventually launch a wallet. World Liberty Financial hasn’t launched its wallet in the intervening four and a half months, and it’s listed as “coming soon” on the official website for…

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Filed under: News - @ October 21, 2025 6:26 pm