A cartoon image of the American president elected Donald Trump holding a bitcoin token to mark the cryptocurrency reaching more than $ 100,000 displayed in a Coinhero store in Hong Kong, China, Hong Kong, China, Thursday, December 5, 2024.
Justin Chin | Bloomberg | Getty images
Washington – President Donald Trump will have to wait another three months before you can start selling his meme piece.
The $ Trump token, who made his debut in January just before the president’s inauguration, was to start unlocking a large slice of tokens held by initiates this month. But Trump token official account said this week that all major releases, including the initial cliff and the next three months of the daily acquisition, would be delayed by an additional 90 days.
Only 20% of the $ Trump offer is available to trade. The remaining 80%, held by initiates, are locked as part of a three -year schedule, with tokens released by increments.
Locking is intended to prevent carpet traction, the term industry for a program that allows initiates to become quickly rich while other investors lose a collapsed price. The acquisition hours are designed to reassure retail investors that the first donors will not empty their parts and immediately flood the market.
The $ Trump token offered a first indication of the president's desire to take advantage of his power and his political brand for financial purposes. The market capitalization quickly increased to $ 15 billion, supported by Trump's articles on Truth Social and X which said: “It is time to celebrate everything we defend: win!”
Wednesday, the $ Trump token climbed more than 50% after the project website offered the 220 best holders of the token dinner with the president on May 22 in his golf club near Washington, DC
As the CNBC reported on Friday, the Democratic Senators Adam Schiff of California and Elizabeth Warren from Massachusetts call the US Office of Government Ethics to investigate whether the promotion constitutes “a salary to play” corruption.
Like most coins, $ Trump has no underlying product or service. After its launch in January, First Lady Melania Trump quickly presented her own token – $ Melania – who briefly exceeded $ 2 billion in market value before tasting with $ Trump.
Shortly after the release of the $ Trump and $ Melania coins, the dry Orientation issued Indicating that tokens even are not considered as titles, effectively protecting the projects from an immediate regulatory examination.
The creators of the Token have already made a fortune despite the commercial restrictions. According to Chainalysis, the main portfolio behind $ Trump has won more than $ 350 million in USDC, a stable -to -point stable of a dollar, acting as a market manufacturer, receiving costs on each profession.
The Trump family has another current crypto project.
World Liberty Financial, a decentralized financial company supported by the first family, has raised $ 550 million on two token sales since October. Buyers are not to be reviewed their tokens and receive no share of profits – but an entity affiliated with Trump is entitled to 75% of net income, including the product of the sale of tokens, according to documents examined by CNBC.
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