Hold onto your MAGA caps, because $TRUMP has officially landed on CoinJar!
Here’s the lowdown:
- Built on the Solana blockchain.
- Token Supply: $TRUMP debuted with 200 million tokens, and over the next three years, that supply will grow to a total of 1 billion tokens through a gradual release schedule.
- Distribution Plan: Tokens are being allocated strategically — developers, investors, and other groups all have their share locked and loaded.
- Community Power: Like any memecoin, $TRUMP thrives on its vibrant, meme-hungry community.
The U.S. President has already made waves with his Trump Digital Trading Cards. These NFTs feature everything from cowboy Trump to superhero Trump, blending meme culture with collectible art.
Whether you’re here for the lolz, the investment returns, or the losses in the crypto wild west, $TRUMP is a reminder that this space can be unpredictable.
(Remember ‘Meme coins’ are crypto-assets whose value is driven primarily by community interest and online trends. Note the standard Meme risk warnings from the CoinJar website.)
The CoinJar Team
UK residents:
Meme coins carry the following risks:
- Volatility risk: Meme coins can have extreme price volatility, often experiencing rapid and unpredictable price fluctuations within short periods. $TRUMP’s value depends on its speculative appeal and market sentiment. A decline in political relevance or interest in meme coins could impact demand.
- Lack of utility: Meme coins often lack intrinsic value or utility, being primarily driven by community interest, online trends, and speculative trading. TRUMP may attract regulatory scrutiny. Governments may impose restrictions or regulations targeting politically themed cryptocurrencies.
- Market manipulation: Meme coins may be susceptible to increased risk of market manipulation including ‘pump-and-dump’ schemes, where the price is artificially inflated followed by a sudden crash. Speculative trading and limited utility make TRUMP difficult to value reliably. Its price may be vulnerable to manipulation or pump-and-dump schemes.
- Lack of transparency: Meme coins may have limited available information about their development teams, goals, and financials. This lack of transparency can make it challenging to assess the credibility and potential of a meme coin accurately.
- Emotional investing: Meme coins often garner strong emotional reactions from investors, leading to impulsive decisions. Emotional trading activity can amplify losses.The value of meme coins can be influenced by social media trends, celebrity endorsements, and other factors unrelated to traditional investment fundamentals.
Cryptocurrency is currently not regulated in the UK. It's vital to understand that once your money is in the crypto ecosystem, there are no rules to protect it, unlike with regular investments. So, if you make any crypto-related investments, you’re unlikely to have recourse to the Financial Services Compensation Scheme (FSCS) or the Financial Ombudsman Service (FOS) if something goes wrong.
Standard Risk Statement
Don’t invest unless you’re prepared to lose all the money you invest. This is a high‑risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
Cryptoassets traded on CoinJar UK Limited are largely unregulated in the UK, and you are unable to access the Financial Service Compensation Scheme or the Financial Ombudsman Service. We use third party banking, safekeeping and payment providers, and the failure of any of these providers could also lead to a loss of your assets. We recommend you obtain financial advice before making a decision to use your credit card to purchase cryptoassets or to invest in cryptoassets. Capital Gains Tax may be payable on profits.
CoinJar’s digital currency exchange services are operated in the United Kingdom by CoinJar UK Limited (company number 8905988), registered by the Financial Conduct Authority as a Cryptoasset Exchange Provider and Custodian Wallet Provider in the United Kingdom under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, as amended (Firm Reference No. 928767).
EU residents: CoinJar Europe Limited (CRO 720832) is registered as a VASP and supervised by the Central Bank of Ireland (Registration number C496731) for Anti-Money Laundering and Countering the Financing of Terrorism purposes only.
