White House Trump Coin Post Triggers TRUMP Memecoin Dip; 989K Holders Report $3.81B in Losses

According to the White House's official X account, the administration on Wednesday posted a nine-second video introducing Trump Coin, a $1 gold-finished commemorative piece for America's 250th birthday set for a fall release by the U.S. Mint in Philadelphia. The physical collectible sparked confusion with the TRUMP memecoin, a Solana-based token launched in January 2025, causing the token to dip briefly from $1.59 to $1.56 before stabilizing.

The TRUMP token has declined more than 97% from its January 2025 peak, trading near $370 million in market value. According to onchain data, 989,000 of the 1.48 million wallets holding TRUMP are underwater, with combined losses totaling $3.81 billion.