About 80% of the tokens will be held by CIC Digital, which is affiliated with the Trump Organisation and a CIC co-owned business called Fight Fight Fight LLC, according to the token’s website – a reference to the attempt to assassinate Trump last summer.
The tokens held by insiders will start to be unlocked for sale over the next three to 12 months and available to be sold during Trump’s four-year term.
“Trump owning 80% and timing [the] launch hours before inauguration is predatory and many will probably get hurt by it,” venture capitalist Nick Tomaino wrote on X.
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The launch took many in the crypto market by surprise, but Binance, Coinbase and Kraken, three of the largest cryptocurrency…
