TRUMP Team to Conduct Airdrop

Buyers of watches, perfumes, sneakers, or digital collectible cards under the brand of US President Donald Trump will receive a claim to 3 Official Trump (TRUMP) (~$49.5).

The distribution will be conducted among those who acquired Trump merchandise before February 15. The number of purchased items does not matter.

The claim is available until March 1.

On January 18, Trump launched TRUMP on the Solana blockchain. Amid a relative lull in the cryptocurrency market, the token surged by 220% with an FDV of $62 billion within the first day. Major exchanges announced the listing of TRUMP. Within 24 hours, the frenzy around the meme coin propelled the price of SOL to a historic high.

On January 21, TRUMP’s decline from its peak reached 29.8%. The sharp profit-taking was prompted by the absence of any mention of digital assets during Trump’s inauguration speech. The politician also ignored the question of creating a national Bitcoin reserve.

In January, the ethics of the US President’s cryptocurrency initiatives drew interest in Congress. In February, the non-profit organization Public Citizen urged the Department of Justice and the US Office of Government Ethics to launch an investigation into TRUMP.

Earlier, SEC Commissioner Hester Peirce stated that most meme coins do not fall under the agency’s jurisdiction.

Previously, TRUMP investors suffered losses amounting to about $2 billion. According to the NYT, the losses affected more than 813,000 users.