Will Trump Sell His $Trump Crypto Position? Probably Not, Due to Crash Risk
- The $Trump crypto token reached a $73 billion market value at its peak.
- CIC Digital, an affiliate of the Trump Organization, controls 80% of $Trump coins.
- Insider sales could hurt the coin’s price, making it difficult for Trump to cash out his gains.
Donald Trump’s full-throated embrace of crypto on the campaign trail culminated in the launch of his very own meme token shortly before his inauguration, but the president might have trouble cashing out on the dizzying gains from the $Trump coin.
The meme token was launched on Friday and had peaked by Sunday at a fully diluted market value of nearly $73 billion. The token has since plummeted by about 50% but still has a fully diluted value of about $38…
