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The $TRUMP memecoin, which Donald Trump released shortly before his presidential oath ceremony, caused a great stir in the cryptocurrency world. Developed on the Solana blockchain, this token was initially released in 200 million units, and the total supply is planned to reach 1 billion units. 80% of the tokens were allocated to Trump's companies CIC Digital LLC and Fight Fight Fight LLC; this allocation is subject to a three-year lock-up period, aiming to prevent sudden large sales.
$TRUMP token is designed as a token released to create supporters and community around a political figure.
The total supply created within a specific limit can affect price fluctuations based on supply and demand balance. Like most memecoins, $TRUMP may have initially been released with a limited supply.
A significant portion of the token supply is usually allocated for the founding team, marketing activities, and liquidity. Some portions are also reserved for early investors and supporters.
Lock-up periods set for certain tokens aim to prevent large sell-offs and ensure long-term stability. If such a mechanism is used, it can contribute to balancing the speculative movements of $TRUMP.
https://www.gate.io/trade/TRUMP_USDT
https://www.gate.io/announcements/article/42741
https://www.gate.io/announcements/article/42745
#GateOpinionQuest #TRUMP
#$TRUMP Continues to Rise #BTC Back Above $100K