After the launch of the first memecoin created by an elected president, Official Trump (TRUMP), which occurred on the night of January 17, users expressed their concern about the distribution of this currency token.
As seen on the site Get Trump Memesof the total TRUMP that will exist, only 10% It will be destined for public offering, which users and investors will be able to access.
The total supply of memecoin of Donald Trump will be 1,000 million tokenswhile the initial circulation of 200 million tokens, representing 20% of the total supply, were immediately put into circulation. The other 10% that is not in public distribution, was delivered to exchanges to offer liquidity.
The rest of the 80% of TRUMP has not been released yet, but will be in the hands of the creators of this memecoin and the entity CIC Digital Group. These tokens They are not in circulation and are subject to an unlocking plan.
While there has been no official announcement connecting CIC Digital Group to Donald Trump, this company has been mentioned in Trump-related contexts, specifically in the management and distribution of tokens digital, NFT and projects linked to the image of the elected president.
How will the distribution of Donald Trump’s memecoin be?
The distribution of token TRUMP is structured so that 10% of the total supply goes to public distribution and another 10% to liquidity, being completely released from the beginning. The remaining 80% is under the control of the project creators and CIC Digital, distributed in six different groups, each with a allocation ranging from 1% to 36%.
At the time of the launch of the memecointhese groups will not be able to sell their holdings until after a certain time. This is due to the fact that they have periods of lockupwhich are time intervals during which certain tokens or actions They cannot be sold.
After 3 months after issuance, these tokens They are released daily over 24 months, starting with an initial release of 10% to 25% depending on the group.
This linear unlocking strategy would seek to mitigate the immediate sales pressure to the market, allowing a controlled release of tokens. However, centralizing 80% of supply in the hands of creators raises questions within the community about fairness and potential market manipulation.
In addition, the distribution of token TRUMP shows a large disparity between his current market capitalization of almost $5 billion and his fully diluted valuation (FDV) of over $22 billion. This difference suggests that in the coming years there would be significant selling pressuresince many tokens They are not yet in circulation due to temporary blockages.
Some of these locks have a waiting period of only three months, which will allow the team and insiders start selling your tokens daily for the next two years. This gradual release of tokens could flood the market, potentially lowering the price of the token if demand does not keep up with the new supply available.
In relation to this distribution, a user of platform
TRUMP’s distribution left discontent among the community
This distribution implied a pessimistic framework in participants of the cryptocurrency ecosystem regarding the intentions behind the creators of this project.
In this sense, Conor Grogan, an executive at exchange American Coinbase, stated in an X publication that the creator of TRUMP deposited 80% of the currency in a wallet multifirma.
Reviewing the Solana network explorer, Sol Scan, it is evident that there is a wallet which stores 80% of TRUMP’s currency.
Although a purse multisig may be a security measure, having 80% of the supply in a single direction suggests a high centralization of control over the tokenwhich contrasts with the principle of decentralization sought in cryptocurrencies.
By controlling most of the supply, creators can influence the market price, since in the future, as they release tokens they can potentially manipulating the offer.
This can also raise trust concerns, as if the intent is not clear, it could be seen as a scheme to benefit creators or a plan to execute a «rug pull» (massive withdrawal of liquidity), leaving investors with tokens worthless.
Conor added in his publication assuring that “Trump increased his net worth by 50%.” Then, in another post, he explained that the US president-elect had already sold $500 million worth of TRUMP.
More users are negatively suspicious of TRUMP’s 10% public offer
The account on others.”
Thus, through these sales, those behind the TRUMP project could benefit. Along these same lines, the user under the name “Art Candee” opined that “these people are definitely trying to get rich at the expense of the buyers.”
Ultimately, investor Peter Schiff ironically suggested the creation of a TRUMP “strategic reserve”. This is a reference to the strategic reserves of bitcoin proposed by the president-elect, implying that TRUMP could have a similar strategic or economic value, which results in an exaggeration given the speculative nature of the reserves. memecoins.
Schiff continued in a sarcastic mode and, in a post on X, added two proposals that would offer a TRUMP-like distribution of capital.
In principle, he proposed that all retirement accounts should require a 10% allocation in TRUMP to “qualify.” Secondly, he called for imposing 100% tariffs on nations that do not allocate 10% of their foreign exchange reserves to TRUMP.
Thus, while the memecoin launched by Donald Trump rises more than 200% in its price in 24 hours, the community discusses the intentions behind this project, suspecting that in the future the creators could take advantage of TRUMP’s bullish rally to sell their holdings. .