TRUMP Memecoin airdropped $50 to buyers of Trump-branded products
According to the announcement on the official website of the TRUMP memecoin, any individual who had purchased watches, perfumes, sports shoes, or NFT collections of Donald Trump before February 15, 2025, will receive 3 TRUMP tokens, equivalent to around $50.
Users can check their eligibility for the airdrop here. This airdrop program is being carried out through the Crossmint platform, with the deadline for receiving tokens extended to March 1, 2025. Notably, the number of airdropped tokens is not proportional to the number of products purchased through the registered email, meaning that regardless of whether users own one or more items, they will only receive a meager 3 TRUMP tokens. Furthermore, the airdrop has also sparked controversy, as only those who directly minted NFTs issued by TRUMP are eligible to receive the airdrop, while those who purchased NFTs on the secondary market are not entitled to this benefit, leaving many users frustrated.SCOOP: TRUMP WEBSITE SHOWS AIRDROP CLAIM PAGE FOR USERS WHO BOUGHT TRUMP PRODUCTS BEFORE FEB. 15: WEBSITE pic.twitter.com/nSrRpbun3e
— Aggr News (@AggrNews) February 17, 2025
What idiot's on the Trump team decided to give airdrops to people who minted and not to the people who are holding https://t.co/tvDBLY58CQ
— spy (@spyflips) February 17, 2025
As Coin68 has reported, on January 18, Donald Trump officially launched the TRUMP memecoin on Solana, creating an unprecedented FOMO wave in the crypto community. In just 48 hours, the TRUMP market capitalization exploded by nearly $15 billion, making it the fastest-growing memecoin in crypto history. However, before the hype had even subsided, the Trump family unexpectedly announced the MELANIA memecoin, causing the market to react violently, accusing the issuing team of deliberately diluting the value of TRUMP to profit, pushing the TRUMP memecoin into a difficult position. Faced with the fierce debates, when asked about the memecoin bearing his name, Trump appeared indifferent, even somewhat surprised by the success of the project. He stated:just claimed and it worked
— mtn drew (@CryptoMtnDrew) February 17, 2025
i purchased one of the trump nfts from the first collection. i sold it shortly after and was surprised to find i was still eligible for this.
kudos to @crossmint. hadn't heard of them before but they seem to have a good product
nice airdrop if all… https://t.co/wAinaCyBMe
Data from Chainalysis reveals an interesting fact: the majority of TRUMP and MELANIA investors have only made less than $100 in profits, raising the question of who is truly benefiting from this memecoin frenzy. Furthermore, President Trump is currently being accused by the organization Public Citizen of profiting from the TRUMP token, violating campaign finance laws by urging users to buy the token just before taking office. More notably, according to the latest revelations from a "person involved" in the LIBRA memecoin scandal, the TRUMP memecoin had insider trading. Attendees of a private party were granted special rights to purchase TRUMP tokens before it was publicly available, with a total value of up to $500 million. This raises concerns that the TRUMP token may not be just an ordinary memecoin, but rather an organized pump-and-dump scheme, where real power lies in the hands of a small group of behind-the-scenes forces manipulating the market. At the time of writing, the TRUMP memecoin is trading around $17.9, down 9.1% in the last 24 hours. The airdrop, which was expected to attract more attention, has actually had the opposite effect, as many users are disappointed with the number of tokens received, increasing selling pressure and driving the price of TRUMP down."I don't know much about it, other than I agreed to do it. I hear it's been very successful, but I haven't checked into it further."
TRUMP price movement in the last 24 hours, screenshot taken on CoinGecko at 10:40 AM on February 18, 2025
Compiled by Coin68
