TLDR
- For those who have previously invested in Trump-branded items, there's an opportunity to grab three TRUMP tokens, worth around $50, as part of an airdrop. But be warned—claims need to be made by March 1, 2025.
- Once soaring to a staggering high of $75 and achieving a market worth of $13 billion, the TRUMP token has now dwindled by 75% from its pinnacle.
- The inception of the token was strategically aligned with Trump's entrance into the presidency, earning it the distinction of being the first memecoin linked to a sitting U.S. President.
- Congresswoman Ayanna Pressley hasn't held back, criticizing Trump and Musk for what she sees as their role in eroding consumer defenses in the crypto realm.
- Detractors have slammed it as 'one of the most miserly airdrops in crypto history,' particularly since the initial price tags for Trump-related merchandise were sky-high.
Donald Trump’s team behind his official cryptocurrency, TRUMP token, has rolled out an airdrop initiative, offering three complimentary tokens to those who have bought branded items. This comes at a time when the token is down 75% from its record high, with the current token valuation placed at approximately $50.
$TRUMP Airdrop Still LIVE!!
Claim it now!!✅ RT+Like all tweet.
✅ Drop $SOL address and comment DONE.
✅ Must follow @TrumpCoin1sol
✅ Tag 3 FriendsFirst 1,000 wallet (FCFS) #SolanaAirdrop #LCDLFAllStars pic.twitter.com/13z3VV7Mzw
— Trump Coin (@TrumpCoin1sol) February 17, 2025
Those who have previously acquired items under the Trump brand, like perfumes, sneakers, trading cards, or watches, qualify for the airdrop. Mark your calendars, as the deadline to claim is March 1, 2025—unsuccessful claims mean farewell to unredeemed tokens.
The TRUMP token etched its name into the history books as the premiere cryptocurrency connected to a sitting U.S. president. Launched on the eve of Trump assuming office, it climbed from just a few bucks to a notable peak of $75, reaching a mind-boggling market cap of $13 billion.
Recent figures paint a rocky picture with TRUMP observing an 8% price drop over the past day, mirroring broader movements in the crypto world. This volatility has piqued the interest of both advocates and skeptics in the digital asset community.
Trump-branded items have historically commanded hefty sums in the market. The exclusive Bitcoin Sneakers, released in July, were initially priced at $500 a pair, but some savvy resellers managed to fetch an astonishing $2,500.
The Stingiest Airdrop
Criticism over the airdrop program comes from multiple angles, with crypto strategist Simon describing it as 'one of the most frugal airdrops in crypto history,' noting the contrast between the steep sums paid for Trump NFTs and the mere $50 token return.
In the midst of controversy, U.S. Representative Ayanna Pressley has raised flags over the token's potential consumer protection implications. She has taken Trump and Elon Musk to task, accusing them of compromising the space, making it more prone to scams.
🚨BREAKING: Trump announces $TRUMP A playful airdrop is on the table for those who've invested in Trump goods before the February 15 cut-off.
Damage Control?😂
— Karan Singh Arora (@thisisksa) February 17, 2025
How the airdrop is being conducted has left some in the crypto space scratching their heads. While those who’ve bought merchandise qualify, independent purchasers of TRUMP tokens aren’t eligible.
Ties between the airdrop's timing and recent token slumps have led to speculation on whether this move is an attempt to keep excitement alive amid the downturn.
To snag the airdrop, eligible individuals need to use the same email used for past Trump merchandise transactions. Each eligible email serves as a portal to three tokens.
As market dynamics continue to shift, the token's value remains under the magnifying glass, with the latest 8% price fall echoing larger crypto market trends, suggesting outside influences at play.
Marrying politics with crypto, the venture sets the stage as the first memecoin tethered to a U.S. president, creating a groundbreaking narrative in the digital currency domain.
With more tokens entering circulation through the airdrop, questions about the token's distribution and value retention are surfacing, sparking conversation among market participants.
Ticking toward the March 1 conclusion, the airdrop offers a fleeting chance for beneficiaries to collect their tokens. The framework and conditions of the initiative have been lucidly laid out by the project team.
As of now, TRUMP tokens are priced at $16.52—a dip of 6.54% in recent transactions. Activity in trading and the marketplace remains in flux as the airdrop event unfolds.
