TrumpCoin, Trump & crypto – all you need to know

As the image above shows, there is now a whole selection of memecoins related to the incoming 47th US President, Donald Trump.   Source: Messari.io

Donald Trump himself has had a complex relationship with the cryptocurrency space, first famously calling Bitcoin a “scam” in 2021, but in 2024 he completely changed his stance, stating that he has plans to make the United States “the crypto capital of the planet”. 

As of 2025, along with the Trump family, Trump himself has endorsed a platform and crypto under the name World Liberty Financial. 

Trump’s second term is marked by a significant uplift in the crypto space, with Bitcoin reaching an all-time high of $108,135 on December 17th, 2024, mainly due to Trump’s promises to implement pro-crypto policies and his recent involvement with Elon Musk.

Trump himself has also launched 5 NFT collections since 2022 and his current collection is listed on Ord.io and Magic Eden. One of the most expensive Trump NFTs is listed for 20.4 BTC, which is currently the equivalent of $1.8 million.

Due to Trump’s status and influence with digital assets, several coins have been included as a celebration of his leadership, such as TrumpCoin and MAGA. Here is a look at some of the more significant coins that are riding on the Donald's new status as a champion of crypto.

What is TrumpCoin?

TrumpCoin is the name of multiple cryptocurrencies, not just one single crypto coin. There have also been countless meme coins made based on political events, but the ones listed here are all the coins which have at least gained some traction. 

None of the currencies listed are actually associated with Donald Trump himself, despite Trump’s interest and perceived association with the industry.

Remember– these altcoins are also purely speculative with almost no practical applications, and are therefore highly risky. Do not invest unless you are prepared to lose all your money.

TrumpCoin (TRUMP)

TrumpCoin (TRUMP) was a meme coin created in February 2016 in the run-up to the 2016 US presidential election, in which Trump ultimately became the 45th president. 

The Trump family has threatened legal action over the name, asserting that “we are in no way affiliated with this group”. Following a tweet on X from Eric Trump flagging the coin, the creators of the cryptocurrency responded with a tweet to assert they were not endorsed by Trump or any of his associations.

Many consider TrumpCoin (TRUMP) to be the original meme coin of Trump. TrumpCoin has now been rebranded as FreedomCoin.

TrumpCoin (DTC)

Launched on November 2023, TrumpCoin (DTC) is a meme coin that is similar to the original TrumpCoin, however, made by a UK-based team – perhaps why it has eluded any legal threats so far.

TrumpCoin (DTC) has a significantly lower market cap and is a low-quality memecoin.

TrumpCoin (DJT)

Similar to TrumpCoin (DTC), TrumpCoin (DJT) is a variant of TrumpCoin built on the Solana blockchain. This coin is also considered a low-quality meme coin.

What is MAGA coin?

As well as TrumpCoin, there is MAGA coin – an abbreviation of Trump’s political slogan “Make America Great Again”. There are also multiple versions of MAGA coin.

MAGA (TRUMP)

The most popular of the MAGA coins, MAGA (TRUMP) is the original meme coin created in support of Donald Trump. 

Trump himself technically has a stake in MAGA, with 500,000 tokens being sent to his cryptocurrency wallet, which at the coin’s peak, reached a total value of $6.7 million. However, the coin has since crashed and this amount is now the equivalent of $961.62.

MAGA (TRUMP) is listed on CoinMarketCap with a current $177m market cap.

MAGA: Fight for Trump ($TRUMPCOIN)

Another spin-off of MAGA coin, MAGA: Fight for Trump is a meme coin that was created in the second campaign trail of Donald Trump, prior to his inauguration of 

Although a new meme coin, MAGA: Fight for Trump already has a $4.5m market cap according to CoinGecko.

What is TROG?

TROG or Trump Frog Trog is another cryptocurrency named after Donald Trump. The meme is likely a reference to Pepe Coin and Trump.

TROG has a current market cap of $10.89 million.

Does Trump have a cryptocurrency?

Trump does not directly have his own cryptocurrency, but is connected to World Liberty Financial, which is a cryptocurrency platform promoting the native WLFI token.

World Liberty Financial

World Liberty Financial is a crypto platform backed by the Trump family – yet at a considerable distance. 

The project was previously known as “The DeFiant Ones” and although it is no secret that Trump himself has promoted the platform, the legal jargon on the website suggests a very hands-off legal approach.

A disclaimer on the home page reads: “None of Donald J. Trump, any of his family members or any director, officer or employee of the Trump Organization, DT Marks DEFI LLC or any of their respective affiliates is an officer, director, founder, or employee of World Liberty Financial or its affiliates.”

Yet the 13-page document published by World Liberty Financial states that DT Marks DEFI LLC, a company connected to Trump, “will receive 22.5 billion $WLFI tokens and a right to receive 75% of the net protocol revenues.”

The unpredictability of crypto means that avoiding all liability is an intelligent legal decision, but it does raise some questions about how much trust Trump himself actually has in the platform.

The World Liberty Financial token WLFI received $220 million of purchases in the first hour, with so much demand that it caused the website to crash.

Will crypto go up when Trump is president?

At the time of writing, Trump is yet to be inaugurated, which will happen on Monday, 20th January 2025. There are many estimations that when Trump officially becomes president, there will be a spike in the value of crypto. 

However, this should be approached with caution, as this was based on Trump’s promises about implementing a more pro-crypto government, which are not set in stone. Furthermore, many crypto enthusiasts are highly sceptical about the legitimacy of World Liberty Financial. 

The current bubble of crypto could very easily burst if anything upsets the current hype, and it is likely that Trump’s first year in office will be eventful.

As with all investments, you should do your own due diligence, and understand that cryptocurrency is a high-risk investment where most investors lose all their money.

Conclusion

Donald Trump’s affiliation with cryptocurrency has caused a bull run in 2024 and 2025. There are many cryptocurrencies named after him, however, Trump himself has no affiliation with them.

Trump now has a $9.9 million crypto portfolio which consists of over 50 meme tokens, often sent directly to his wallet as something between a tribute and a marketing stunt. This includes TROG, and MAGA, although Trump himself has only ever bought or sold Ethereum via his NFT collections.

With Trump’s second term, cryptocurrencies are likely to become even more relevant, for better or for worse. Trump’s pro-crypto allies and proposed policies are suggesting that crypto will become more legitimate and institutionalised than ever, meanwhile the viability and practical use of crypto is still up for debate. Critics have also raised concerned over a conflict of interest.

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Author

Caleb is a financial copywriter with a specialisation in fintech and forex. Former copywriter at Barclays and Paysafe. Contributing writer for LiquidityFinder.