The White House recently promoted a new $1 'Trump Coin' amid significant losses in the TRUMP memecoin market, where holders are collectively down by $3.81 billion.
A nine-second video released on social media by the White House showcases the new coin, designed to commemorate the 250th anniversary of U.S. independence. The U.S. Mint plans to release the coin in Philadelphia this fall. Notably, this coin is a physical collectible and not a cryptocurrency.
As of now, approximately 989,000 of the 1.48 million wallets holding the TRUMP token are experiencing losses. The TRUMP memecoin, launched on January 17, 2025, has witnessed a drastic decline, with current trading prices more than 97% below its peak. Market capitalization for the token is reported at around $370 million.
Confusion surrounding the 'Trump Coin' and the TRUMP token has led to minor price fluctuations, with the TRUMP memecoin dipping from roughly $1.59 to $1.56 following the announcement. Despite the initial drop, the token has since stabilized.
In 2025, revenues from trading fees and royalties tied to the TRUMP project generated over $635 million for Trump-affiliated entities. Meanwhile, President Trump reported at least $1.4 billion in crypto income last year, predominantly from the TRUMP memecoin royalties.
This information is for informational purposes only and does not constitute financial advice.
