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Project Overview
Official Trump is a meme coin issued on the Solana blockchain, introduced by the elected U.S. president Donald Trump through a social media post.
US Senator Warren Demands SEC Investigate Trump Meme Coin, Questions Whether It Involves "Illegal Scam"
According to CNN reports, U.S. Democratic Senators Warren and Blumenthal have requested the U.S. Securities and Exchange Commission (SEC) to investigate the "TRUMP" Meme coin issued by Trump to confirm whether the project involves fraud or improper profit. In a letter to SEC Chairman Paul Atkins, the two stated that the Trump Meme coin project "may constitute an illegal scam," and requested the regulatory agency to investigate whether the token involves "illegal fraudulent conduct or facilitates improper profit acquisition." Warren and Blumenthal focused in the letter on whether the project resembles a "Rug Pull" (exit scam) in the crypto industry. They believe that even if it is not a sudden divestiture-style rug pull in the traditional sense, it may still belong to a "soft rug pull" that causes investor losses by gradually withdrawing market support. The SEC should investigate whether the Trump Meme coin poses fraud risks and prevent investors from continuing to suffer losses. As of now, the SEC has not commented on this.
Trump’s 2025 crypto revenue totals approximately $1.4 billion; CLARITY Act faces objections from Senate Democrats
Odaily News – On July 30, the minority staff of the U.S. Senate Committee on Banking, Housing, and Urban Affairs released a new analysis raising Democratic objections to the amended draft of the CLARITY Act. The analysis states that Donald Trump’s 2025 crypto revenue amounts to approximately $1.4 billion, and that current ethics provisions still allow him to retain related business arrangements. The analysis reviews World Liberty Financial, the TRUMP meme coin, cryptocurrency investments, staking income, and other business activities, concluding that provisions restricting officials from issuing or sponsoring digital assets would not materially affect the aforementioned financial arrangements. Staff estimated approximately $799 million in revenue related to World Liberty Financial and approximately $635 million from the TRUMP meme coin. Trump’s annual financial disclosure report lists $635.1 million in royalties from a licensing agreement with CIC Digital LLC related to Celebration Coins, along with Bitcoin and Ethereum wallets each valued at over $50 million, and validator rewards obtained through staking agreements on Coinbase. The Senate draft of the CLARITY Act seeks to prohibit covered officials and their spouses from issuing or sponsoring digital assets for compensation during specified periods, while also establishing exceptions for qualified blind trusts, unauthorized third-party activities, continued use of an official’s likeness, and holding digital asset investments.
U.S. Treasury Secretary: President’s Nearly $1.4 Billion in Crypto Revenue Poses No Issue
U.S. Treasury Secretary Scott Bessent stated in an interview with CBS News that the recently disclosed revenue of approximately $1.4 billion earned by President Donald Trump through crypto projects poses no problem for the president. The financial disclosure shows that since the start of his second term, Trump has earned around $1.4 billion from crypto ventures, including the TRUMP meme coin and World Liberty Financial.Congressional Democrats have criticized this, arguing that there is a conflict of interest given that the current administration is seeking to ease cryptocurrency regulations. White House spokesperson Anna Kelly responded by stating that the disclosure reveals no conflict of interest. Additionally, Bessent expressed optimism about the U.S. economic outlook and noted that over 6 million Trump Accounts have been opened, a project aimed at helping minors invest in the stock market to improve financial literacy. (cbsnews)
Trump TRUMP Luncheon Speech: Only Expressed Hope for the CLARITY Act to Pass
on April 25 local time, Trump attended a TRUMP luncheon at Mar-a-Lago and delivered a speech lasting approximately 45 minutes, covering topics such as the cryptocurrency industry, the war in Iran, and Joe Biden.White House correspondent Sander Lutz stated that aside from expressing hope that the CLARITY Act would pass and that he would sign it immediately, Trump did not reveal many other specific details. Some industry insiders had initially hoped he would bring more news about this bill, which is significant to the crypto sector.
Trump: Will Not Allow Banks to Obstruct Crypto Market Structure Legislation
Odaily Odaily: U.S. President Trump stated at a private event for TRUMP Meme coin holders held at his Mar-a-Lago estate in Florida that the White House will not allow banking lobbying groups to hinder the progress of the crypto market structure bill, the Digital Asset Market Clarity Act. He said the crypto industry has entered the mainstream, declaring "America is the leader in crypto," and that banks should not obstruct the establishment of stablecoin and crypto regulatory frameworks.Dubbed the "most exclusive meeting in the world," the event invited hundreds of large TRUMP coin holders. Guests included Tether CEO Paolo Ardoino, Ark Invest founder Cathie Wood, Anchorage Digital CEO Nathan McCauley, and boxing champion Mike Tyson. Previously, the U.S. banking industry had expressed concerns that stablecoin reward mechanisms could impact traditional deposit businesses, which had slowed the legislative process. (CoinDesk)
WLFI Co-Founder Zach Witkoff Publicly Responds to Recent Criticisms, Clarifying Multiple False Allegations
In his response, Witkoff clarified the following points one by one: First, WLFI has absolutely no connection with the TRUMP meme coin—these two should not be conflated. Second, WLFI is unrelated to “fight fight fight” or CIC Digital. Third, early WLFI holders purchased the token at prices of $0.015 and $0.05, respectively; its current price stands at $0.08. Fourth, WLFI’s core product is not transaction fees, but rather the stablecoin USD1, which generates yield by holding U.S. Treasury securities. By both trading volume and market capitalization, USD1 is currently the world’s second-largest compliant stablecoin.
Kimchi-associated wallet accused of buying and selling for profit shortly after the launch of tokens such as STAR
According to on-chain investigator Specter, the wallet (2yu...BMC) publicly shared by Kimchi in an X reply in April 2024 is linked to trading activity following the listing of several tokens. On May 30, 2024, at 13:41 UTC, within the same minute as the STAR deployment, the Kimchi-associated wallet purchased tokens for 2.96 SOL (valued at $407) and later sold them for $45,600. On June 11, 2024, at 23:38 UTC, two minutes after the deployment of DADDY ANSEM, the Kimchi-associated wallet bought tokens for 4.94 SOL ($730) and later sold them for $14,600. On June 26, 2024, at 22:45 UTC, one minute after the deployment of MUVA, the Kimchi-associated wallet bought tokens for 2.9 SOL ($407) and later sold them for $53,000. Specter also stated that a cluster of exchange deposit addresses revealed 5 additional wallets involved in the same MUVA launch bundle trade; currently, there is no verifiable evidence to prove that Kimchi obtained eight-figure dollar profits from the TRUMP token.
The 13.8 million tokens unlocked and transferred from the TRUMP team address yesterday have entered CEX.
13.8 million TRUMP tokens (21.94 million USD) were transferred into Binance, OKX, and Kucoin 15 minutes ago.
TRUMP team address unlocked and transferred out 10.837 million TRUMP, valued at approximately $16.91 million.
According to on-chain analyst Yu Jin, the TRUMP team token address unlocked and transferred out 10.837 million TRUMP tokens approximately 45 minutes ago, valued at approximately $16.91 million at current prices. Yu Jin stated that judging by the on-chain paths of the previous two unlocked transfers from this address, the tokens transferred out this time are expected to first be transferred into BitGo, and subsequently flow into centralized exchanges such as OKX.
After a month of inactivity, a whale withdrew 1.6 million TRUMP from Binance, increasing its holdings to 17 million TRUMP
According to Onchain Lens monitoring, after a month of inactivity, a whale withdrew 1.6 million TRUMP, worth $2.7 million, from Binance. The whale currently holds 17 million TRUMP, worth $2.88 million.
A major whale withdrew 1.5 million TRUMP tokens and transferred them to a new address, valued at approximately $3.16 million.
On-chain data shows that a whale withdrew approximately 1.5 million TRUMP tokens from Binance, valued at around $3.16 million, and subsequently transferred the assets to a new wallet address.
The TRUMP team has unlocked and transferred 7.9 million TRUMP to OKX, valued at approximately $19.29 million.
according to monitoring by crypto analyst Yujin @EmberCN, approximately 7.904 million TRUMP tokens were transferred to OKX an hour ago, valued at about $19.29 million.On-chain data shows that about 5 hours ago, approximately 7.001 million TRUMP was first unlocked and transferred from the @GetTrumpMemes team wallet to BitGo. Subsequently, 7.904 million TRUMP was transferred from BitGo to a custodian address, and was ultimately all deposited into OKX.
Trump Coin Officially Announces Release of "United We Stand" Commemorative Silver Bar, Honoring Trump's Iconic Salute Scene
Odaily News: Trump Coin, the official Trump commemorative coin, has officially announced the release of the "United We Stand" themed commemorative silver bar. Featuring a striking full-color design, it commemorates a significant moment during President Trump's tenure, capturing the scene of him delivering his iconic salute in front of a waving American flag. The silver bar is framed by the presidential seal and the words "UNITED WE STAND," symbolizing resilience, leadership, and the enduring spirit of unity that continues to bring the American people together. Additionally, this series is available in 1-ounce and 10-ounce silver bar versions.
US Senator Warren Demands SEC Investigate Trump Meme Coin, Questions Whether It Involves "Illegal Scam"
According to CNN reports, U.S. Democratic Senators Warren and Blumenthal have requested the U.S. Securities and Exchange Commission (SEC) to investigate the "TRUMP" Meme coin issued by Trump to confirm whether the project involves fraud or improper profit. In a letter to SEC Chairman Paul Atkins, the two stated that the Trump Meme coin project "may constitute an illegal scam," and requested the regulatory agency to investigate whether the token involves "illegal fraudulent conduct or facilitates improper profit acquisition." Warren and Blumenthal focused in the letter on whether the project resembles a "Rug Pull" (exit scam) in the crypto industry. They believe that even if it is not a sudden divestiture-style rug pull in the traditional sense, it may still belong to a "soft rug pull" that causes investor losses by gradually withdrawing market support. The SEC should investigate whether the Trump Meme coin poses fraud risks and prevent investors from continuing to suffer losses. As of now, the SEC has not commented on this.
Trump’s 2025 crypto revenue totals approximately $1.4 billion; CLARITY Act faces objections from Senate Democrats
Odaily News – On July 30, the minority staff of the U.S. Senate Committee on Banking, Housing, and Urban Affairs released a new analysis raising Democratic objections to the amended draft of the CLARITY Act. The analysis states that Donald Trump’s 2025 crypto revenue amounts to approximately $1.4 billion, and that current ethics provisions still allow him to retain related business arrangements. The analysis reviews World Liberty Financial, the TRUMP meme coin, cryptocurrency investments, staking income, and other business activities, concluding that provisions restricting officials from issuing or sponsoring digital assets would not materially affect the aforementioned financial arrangements. Staff estimated approximately $799 million in revenue related to World Liberty Financial and approximately $635 million from the TRUMP meme coin. Trump’s annual financial disclosure report lists $635.1 million in royalties from a licensing agreement with CIC Digital LLC related to Celebration Coins, along with Bitcoin and Ethereum wallets each valued at over $50 million, and validator rewards obtained through staking agreements on Coinbase. The Senate draft of the CLARITY Act seeks to prohibit covered officials and their spouses from issuing or sponsoring digital assets for compensation during specified periods, while also establishing exceptions for qualified blind trusts, unauthorized third-party activities, continued use of an official’s likeness, and holding digital asset investments.
Kimchi-associated wallet accused of buying and selling for profit shortly after the launch of tokens such as STAR
According to on-chain investigator Specter, the wallet (2yu...BMC) publicly shared by Kimchi in an X reply in April 2024 is linked to trading activity following the listing of several tokens. On May 30, 2024, at 13:41 UTC, within the same minute as the STAR deployment, the Kimchi-associated wallet purchased tokens for 2.96 SOL (valued at $407) and later sold them for $45,600. On June 11, 2024, at 23:38 UTC, two minutes after the deployment of DADDY ANSEM, the Kimchi-associated wallet bought tokens for 4.94 SOL ($730) and later sold them for $14,600. On June 26, 2024, at 22:45 UTC, one minute after the deployment of MUVA, the Kimchi-associated wallet bought tokens for 2.9 SOL ($407) and later sold them for $53,000. Specter also stated that a cluster of exchange deposit addresses revealed 5 additional wallets involved in the same MUVA launch bundle trade; currently, there is no verifiable evidence to prove that Kimchi obtained eight-figure dollar profits from the TRUMP token.
Binance Adjusts Collateral Rates for Multiple Assets and Updates Futures Leverage & Margin Tiers
Odaily Odaily News, according to an official announcement, Binance will update the collateral rate and tiered collateral rate for Portfolio Margin and PMPro at 2026-07-24 06:00 UTC (14:00 Beijing time). The affected assets include ALGO, PUMP, WLD, JTO, TRUMP, etc. In addition, Binance Futures will adjust the leverage and margin tiers for several USDⓈ-M perpetual contracts at 06:30 UTC (14:30 Beijing time) on the same day. The contracts include C98USDT, CHRUSDT, LQTYUSDT, NILUSDT, USUALUSDT, SPELLUSDT, ONEUSDT, AEVOUSDT, CGPTUSDT, BANKUSDT, GUNUSDT, LAUSDT, OPNUSDT, KATUSDT, STARUSDT, and ZILUSDT. The announcement reminds users that changes in collateral rates may affect the Unified Maintenance Margin Ratio (uniMMR) and could lead to a risk of position liquidation.
Nearly 990,000 TRUMP buyers suffer $3.81 billion in losses
As of the end of June, 988,905 buyers of the Donald Trump-branded TRUMP Meme coin had collectively incurred losses of $3.81 billion, accounting for about two-thirds of all buyers. Nansen data shows that Donald Trump earned $636 million from the Meme coin; advanced crypto traders using automated tools profited $4 billion before TRUMP dropped 97%.On July 3, TRUMP was priced at $1.76, down 97% from its peak of $75.35. Donald Trump's annual financial disclosure indicates that he earned $2.2 billion from various business ventures in 2025, including proceeds from the token; he also received $799 million from World Liberty Financial. White House spokesperson Anna Kelly denied claims that Donald Trump profited at the expense of his supporters. (Bitcoin.com News).
Related news
Trump Coin Officially Announces Release of "United We Stand" Commemorative Silver Bar, Honoring Trump's Iconic Salute Scene
Odaily News: Trump Coin, the official Trump commemorative coin, has officially announced the release of the "United We Stand" themed commemorative silver bar. Featuring a striking full-color design, it commemorates a significant moment during President Trump's tenure, capturing the scene of him delivering his iconic salute in front of a waving American flag. The silver bar is framed by the presidential seal and the words "UNITED WE STAND," symbolizing resilience, leadership, and the enduring spirit of unity that continues to bring the American people together. Additionally, this series is available in 1-ounce and 10-ounce silver bar versions.
US Senator Warren Demands SEC Investigate Trump Meme Coin, Questions Whether It Involves "Illegal Scam"
According to CNN reports, U.S. Democratic Senators Warren and Blumenthal have requested the U.S. Securities and Exchange Commission (SEC) to investigate the "TRUMP" Meme coin issued by Trump to confirm whether the project involves fraud or improper profit. In a letter to SEC Chairman Paul Atkins, the two stated that the Trump Meme coin project "may constitute an illegal scam," and requested the regulatory agency to investigate whether the token involves "illegal fraudulent conduct or facilitates improper profit acquisition." Warren and Blumenthal focused in the letter on whether the project resembles a "Rug Pull" (exit scam) in the crypto industry. They believe that even if it is not a sudden divestiture-style rug pull in the traditional sense, it may still belong to a "soft rug pull" that causes investor losses by gradually withdrawing market support. The SEC should investigate whether the Trump Meme coin poses fraud risks and prevent investors from continuing to suffer losses. As of now, the SEC has not commented on this.
Trump’s 2025 crypto revenue totals approximately $1.4 billion; CLARITY Act faces objections from Senate Democrats
Odaily News – On July 30, the minority staff of the U.S. Senate Committee on Banking, Housing, and Urban Affairs released a new analysis raising Democratic objections to the amended draft of the CLARITY Act. The analysis states that Donald Trump’s 2025 crypto revenue amounts to approximately $1.4 billion, and that current ethics provisions still allow him to retain related business arrangements. The analysis reviews World Liberty Financial, the TRUMP meme coin, cryptocurrency investments, staking income, and other business activities, concluding that provisions restricting officials from issuing or sponsoring digital assets would not materially affect the aforementioned financial arrangements. Staff estimated approximately $799 million in revenue related to World Liberty Financial and approximately $635 million from the TRUMP meme coin. Trump’s annual financial disclosure report lists $635.1 million in royalties from a licensing agreement with CIC Digital LLC related to Celebration Coins, along with Bitcoin and Ethereum wallets each valued at over $50 million, and validator rewards obtained through staking agreements on Coinbase. The Senate draft of the CLARITY Act seeks to prohibit covered officials and their spouses from issuing or sponsoring digital assets for compensation during specified periods, while also establishing exceptions for qualified blind trusts, unauthorized third-party activities, continued use of an official’s likeness, and holding digital asset investments.
Kimchi-associated wallet accused of buying and selling for profit shortly after the launch of tokens such as STAR
According to on-chain investigator Specter, the wallet (2yu...BMC) publicly shared by Kimchi in an X reply in April 2024 is linked to trading activity following the listing of several tokens. On May 30, 2024, at 13:41 UTC, within the same minute as the STAR deployment, the Kimchi-associated wallet purchased tokens for 2.96 SOL (valued at $407) and later sold them for $45,600. On June 11, 2024, at 23:38 UTC, two minutes after the deployment of DADDY ANSEM, the Kimchi-associated wallet bought tokens for 4.94 SOL ($730) and later sold them for $14,600. On June 26, 2024, at 22:45 UTC, one minute after the deployment of MUVA, the Kimchi-associated wallet bought tokens for 2.9 SOL ($407) and later sold them for $53,000. Specter also stated that a cluster of exchange deposit addresses revealed 5 additional wallets involved in the same MUVA launch bundle trade; currently, there is no verifiable evidence to prove that Kimchi obtained eight-figure dollar profits from the TRUMP token.
The 13.8 million tokens unlocked and transferred from the TRUMP team address yesterday have entered CEX.
13.8 million TRUMP tokens (21.94 million USD) were transferred into Binance, OKX, and Kucoin 15 minutes ago.
TRUMP team address unlocked and transferred out 10.837 million TRUMP, valued at approximately $16.91 million.
According to on-chain analyst Yu Jin, the TRUMP team token address unlocked and transferred out 10.837 million TRUMP tokens approximately 45 minutes ago, valued at approximately $16.91 million at current prices. Yu Jin stated that judging by the on-chain paths of the previous two unlocked transfers from this address, the tokens transferred out this time are expected to first be transferred into BitGo, and subsequently flow into centralized exchanges such as OKX.