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The $TRUMP meme coin has been a divisive topic since its launch. Critics see it as a self-serving, money-laundering Ponzi scheme, while supporters view it as an opportunity to foster a community based on shared enthusiasm for President Trump.
Wall Street has historically capitalized on the latest trends, and the $TRUMP meme coin is no exception. Canary Capital is set to introduce the first spot ETF for this coin, called the Canary Trump Coin ETF, pending approval from the SEC.
In addition to the Canary Trump Coin ETF, Canary Capital has also applied for the Canary American-Made Crypto ETF (MRCA), which aims to track cryptocurrencies related to US-based creation, mining, or operations.
When $TRUMP coins were first offered in January 2025, 100 million coins were sold publicly, while another 100 million were used to fund a liquidity pool. Over the next three years, the total supply will grow to 1 billion tokens.
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As of now, approximately 682.34 million $TRUMP coins remain locked and are custodied by an affiliate of the Trump Organization in conjunction with Fight Fight Fight LLC, a Delaware-based company. These entities earn transactional revenues from the sale and purchase of $TRUMP coins.
The current market cap of the $TRUMP meme coin is around $1.6 billion, with a fully diluted value of $8.3 billion.
In May 2025, President Trump hosted an event for the top 220 holders of the $TRUMP coin, which drew interest from foreign entities, including a Chinese company with minimal revenue and just eight employees that managed to acquire 300 million $TRUMP coins.
