Overview

• The Senate’s Permanent Subcommittee on Investigations has launched a probe into the $TRUMP coin’s ownership structure, revenue model, and potential conflicts of interest.
• Chainalysis reports that 764,000 wallets have incurred losses, while 58 wallets have collectively earned $1.1 billion in profits from the token.
• The $TRUMP coin’s market cap has stabilized at $2.17 billion, with only 20% of the supply in circulation and 80% locked under Trump Organization control.
• Trading fees embedded in the token’s code have funneled $324 million to wallets linked to the project’s creators since January 2025.
• The project’s ties to foreign investors, including a UAE state fund and crypto mogul Justin Sun, have raised additional regulatory concerns.