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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.
Bonk Guy: Onchain Meme Market Is Far From Bottoming Out, Historic Opportunities May Reappear
Odaily reports: Bonk Guy posted stating that the view that onchain trading and the Meme coin market have fallen into the worst period in history reflects a misperception within the crypto community (CT) regarding the current state of the market. Over the past 4 months, about 6 new tokens reached market caps of $100 million to $300 million or more, among which PONS started from zero and its fully diluted valuation (FDV) once reached $960 million, while the FDVs of tokens such as ANSEM, CASHCAT, AI, and STONK also all broke through $300 million at one point. In addition, dozens of new tokens surpassed $10 million in market cap, and despite the deterioration in market structure, tokens with sharp gains still occasionally emerge onchain.Bonk Guy compared the current market with previous downturn periods, noting that before the emergence of Robinhood Chain, the market went through a long stretch with almost no notable rallies; and after the launch of the TRUMP token last year and before the initial rise of BonkFun, there was also a period of about half a year during which almost no token could break through a market cap of $2 million to $5 million.He believes that although the current market is no longer in the broad rally phase seen a few months ago, this does not mean trading opportunities have disappeared. He expects the market may recover soon, even faster than most people anticipate, and suggests paying attention to tokens that have already demonstrated the ability to deliver outsized performance in the previous cycle, seeking opportunities during market pullbacks. The market is currently filled with pessimism and negative narratives, and investors should not be swayed by the noise. Historical experience shows that some previously strong tokens may not only return to their prior highs but even break through further once the next market cycle begins. The biggest opportunities often appear before market sentiment reverses and while mainstream investors have yet to change their views.
Hunter Biden Responds to Volatility After LAPTOP Launch: Claims No Personal Profit from LAPTOP, Price Now Stabilizing
Odaily News – Hunter Biden, son of former U.S. President Joe Biden, responded on X to the intense price volatility of the LAPTOP Meme coin shortly after its launch, as well as related "Rug Pull" allegations. He stated that the available liquidity at launch was insufficient to meet market demand, which—combined with technical issues and "snipers" engaging in front-running—caused the price to surge rapidly before pulling back. The price has now stabilized.Hunter Biden stated that the team's token allocation is locked, no team members have sold tokens, and he personally has not received any profit from LAPTOP. Currently, LAPTOP's fully diluted valuation (FDV) exceeds $1 billion. The team is exploring ways to optimize liquidity and will continue advancing community development.He also addressed the matter of distributing LAPTOP tokens for free to users who suffered losses on TRUMP, saying that external descriptions of this as a "failure" do not reflect the actual situation, and emphasized that the project will continue to move forward in the long term.For more LAPTOP-related information, read: Biden's Son Launches Meme Coin LAPTOP, Also Plans Airdrop for TRUMP Holders.
LIBRA token scandal comes to a close: Argentine judge dismisses criminal investigation against President Milei, Milei and relatives cleared of charges
court records show Argentine federal judge Marcelo Martinez de Giorgi has dismissed, at the request of prosecutors, a criminal investigation against Argentine President Javier Milei and his sister Karina Milei related to the Libra cryptocurrency scandal. In his ruling, the judge stated that the reported events do not constitute a statutory offense and failed to substantiate any deception of criminal significance.In February 2025, following Trump's issuance of TRUMP, Argentine President Milei posted on X platform mentioning the newly issued Libra, stating it would be used to fund small businesses and startups, and shared a purchase link, after which the token price rose rapidly. Hours later, Milei deleted the post, Libra's price plummeted, and most investors lost the majority of their funds. He previously denied promoting the token, stating he acted in good faith, and has not yet responded to the news of the case dismissal. (BBC)
Former US President Biden's Son Plans to Launch Meme Coin LAPTOP
According to The Wall Street Journal, Hunter Biden, son of former U.S. President Joe Biden, will launch a meme coin named LAPTOP, referencing his laptop incident, scheduled to go live on Coinbase’s Base network on September 9. The project’s founding team, including Hunter Biden, will hold 30% of the total token supply (1 billion tokens), which will be locked for six months and fully unlocked over two years. Another 20% will be airdropped in two batches to users who previously suffered losses on the Trump meme coin TRUMP, Hunter Biden’s Substack subscribers and their friends, and mailing list subscribers maintained by video journalist Andrew Callaghan. The remaining 20% will be allocated to charitable donations, liquidity provisions, distribution to exchange partners and market makers, and to cover the accounting, legal, administrative, and compliance costs of the token foundation.
Trump-related crypto projects have caused investors at least $4.7 billion in losses, Public Citizen says
Odaily News - U.S. President Donald Trump and his family have caused investors at least $4.7 billion in losses through digital asset projects since 2022. Consumer rights advocacy nonprofit Public Citizen stated that the related projects include the World Liberty Financial governance token, NFT trading cards, Official Trump (TRUMP), and Trump Media's digital asset reserve.Among these, TRUMP investors lost approximately $3.2 billion, while USD1 stablecoin investors did not suffer significant losses. Public Citizen noted that the losses from TRUMP primarily reflect a transfer of wealth to a small number of early buyers, rather than funds disappearing outright. Donald Trump also earned $7.2 million from NFT licensing fees and royalties, as well as over $600 million from World Liberty token sales and equity sales.Public Citizen also called for adding ethical standards to the Digital Asset Market Clarity Act (CLARITY Act), requiring the U.S. President and his family to withdraw from related industry projects. Trump met with crypto company executives last week and called for passing a "fair version" of the bill. The Senate is scheduled to vote on a procedural motion on September 15, and advancing the bill requires support from at least 60 senators. (Cointelegraph)
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)
Rumor has it that Solana trader Kimchi, who profited over $40 million from TRUMP, withdrew 1.35 billion PUMP tokens worth $6.43 million in the past 3 hours
Odaily reports: According to on-chain analyst Ai Yi, the well-known Solana trader Kimchi (Gs5F...GYeX), who is rumored to have profited over $40 million from TRUMP, withdrew 1.35 billion PUMP tokens worth $6.43 million in the past 3 hours. Today, the market cap of the token sharing his name, Kimchi, briefly reached $40 million; Kimchi himself holds 75.32% of the token's total supply. Pump.fun co-founder @a1lon9 confirmed a partnership between the two parties and stated that Kimchi is helping Pump.fun shape its creative direction.
TRUMP team distribution address transfers $11.78 million in tokens to a new address after a 12-day hiatus
According to Odaily, on-chain analyst Ai Yi has monitored that the TRUMP team distribution address (2JEP...PNme) transferred tokens worth $11.78 million to a new address after 12 days, suspected to be for depositing into an exchange. Twelve days ago, this address transferred TRUMP tokens worth $8.87 million to address 52RDq…rkaD1, which subsequently deposited them into OKX through two addresses in a similar manner.
Lost $9.39 million: a whale transferred 1.148 million TRUMP to a new wallet after holding for one year
According to Onchain Lens monitoring, a whale accumulated 1.148 million TRUMP from Gate and OKX one year ago, spending approximately $11.55 million, and has now transferred the entire holdings to a new wallet. The position is currently worth $2.16 million, with a loss of $9.39 million, representing a loss of 81.3%.
Still holds $1.49 billion worth of TRUMP tokens, TRUMP team cashed out $249 million in 8 months
Odaily News: According to on-chain analyst Ember Monitoring, the TRUMP token team has transferred out a cumulative 81.87 million TRUMP tokens from the team wallet over the past 8 months, depositing them into centralized exchanges such as Binance and OKX at an average price of $3.04, cashing out $249 million. The team was allocated 800 million TRUMP tokens, accounting for 80% of the total supply; it currently still holds 718 million TRUMP tokens, accounting for 71.8% of the total supply, worth $1.49 billion.
The TRUMP team transferred $18 million worth of TRUMP to BitGo.
According to on-chain analyst Onchain Lens (@OnchainLens), the team allocation wallet for Donald Trump's official Meme token has transferred 8.73 million $TRUMP (approximately $17.99 million) to BitGo custody. Over the past two weeks, the team has cumulatively transferred approximately 31 million $TRUMP to BitGo (approximately $70.64 million).
TRUMP token team address transferred 3.25 million TRUMP to a CEX 7 hours ago
According to on-chain analyst Yu Jin, the TRUMP token team address transferred out 11.25 million TRUMP ($26 million) 12 days ago. Of that, 3.25 million TRUMP ($6.9 million) was transferred into OKX 7 hours ago.
Trump's support among young voters dropped from 43% to 19%, questioned over using crypto for profit
Odaily News: Trump's support among voters aged 18 to 29 dropped from 43% to 19%. Some young cryptocurrency investors have described his crypto projects as profit-seeking ventures, and criticized the TRUMP Meme coin for exploiting supporters who are familiar with crypto.Morten Christensen, an investor who holds a large amount of TRUMP tokens, said Trump's reputation is no longer what it was when he was campaigning for president. He noted that when attending the second Meme coin event held at Mar-a-Lago this year, he noticed that the online reaction was noticeably different from the first event in May 2025.Trump's financial records show that he earned at least $500 million through World Liberty Financial token sales. The project issues the US dollar-pegged stablecoin USD1, whose market capitalization exceeds $4 billion. (Bitcoin.com News)
Hunter Biden Responds to Volatility After LAPTOP Launch: Claims No Personal Profit from LAPTOP, Price Now Stabilizing
Odaily News – Hunter Biden, son of former U.S. President Joe Biden, responded on X to the intense price volatility of the LAPTOP Meme coin shortly after its launch, as well as related "Rug Pull" allegations. He stated that the available liquidity at launch was insufficient to meet market demand, which—combined with technical issues and "snipers" engaging in front-running—caused the price to surge rapidly before pulling back. The price has now stabilized.Hunter Biden stated that the team's token allocation is locked, no team members have sold tokens, and he personally has not received any profit from LAPTOP. Currently, LAPTOP's fully diluted valuation (FDV) exceeds $1 billion. The team is exploring ways to optimize liquidity and will continue advancing community development.He also addressed the matter of distributing LAPTOP tokens for free to users who suffered losses on TRUMP, saying that external descriptions of this as a "failure" do not reflect the actual situation, and emphasized that the project will continue to move forward in the long term.For more LAPTOP-related information, read: Biden's Son Launches Meme Coin LAPTOP, Also Plans Airdrop for TRUMP Holders.
Eric Trump Mocks Hunter Biden's Crypto Launch Flop: Hunter Biden Should Go Back to Painting
Hunter Biden’s meme coin $LAPTOP plummeted 98% within minutes of listing, having been originally pitched as a project to compensate holders who incurred losses with $TRUMP. In response, Eric Trump mocked the situation on X, posting, “Hunter should go back to painting.”
Hunter Biden has recently been publicly expressing support for cryptocurrency and hinting at a possible run in the 2028 U.S. presidential election
Odaily News – Hunter Biden, son of former U.S. President Joe Biden, has recently been frequently expressing public support for cryptocurrency. In June of this year, Hunter Biden stated, "Decentralized digital currencies and blockchain are the inevitable future"; the same week, when asked about his views on cryptocurrency, he replied directly, "Hyperliquid." Additionally, he mentioned that when deciding to sell his artwork, he wanted each piece to be placed on-chain and accept Bitcoin payments, adding that Andreas Antonopoulos' book "The Internet of Money" had "opened his eyes."Hunter Biden has re-emerged in the public eye this year, setting up an X account and a Substack, while frequently appearing on podcasts and news programs. Recently, he also discussed the possibility of running in the 2028 U.S. presidential election, saying he "hasn't made a decision yet" when asked if he might run for president; he had previously told billionaire John Catsimatidis that if he had his support, he might "have no choice but to run."Forbes also noted that Hunter Biden was convicted in 2024 on three felony gun charges and pleaded guilty to separate tax-related criminal charges later that year, before receiving a full pardon ahead of Joe Biden's departure from office. (Forbes)Earlier reports indicated that Hunter Biden, son of the former U.S. president, would launch a Meme coin called LAPTOP, scheduled to go live on September 9 on Coinbase's Base network.For more related LAPTOP content, you can read: "Biden's Son Launches Meme Coin LAPTOP, Also Plans Airdrop for TRUMP Holders"
Former US President Biden's Son Plans to Launch Meme Coin LAPTOP
According to The Wall Street Journal, Hunter Biden, son of former U.S. President Joe Biden, will launch a meme coin named LAPTOP, referencing his laptop incident, scheduled to go live on Coinbase’s Base network on September 9. The project’s founding team, including Hunter Biden, will hold 30% of the total token supply (1 billion tokens), which will be locked for six months and fully unlocked over two years. Another 20% will be airdropped in two batches to users who previously suffered losses on the Trump meme coin TRUMP, Hunter Biden’s Substack subscribers and their friends, and mailing list subscribers maintained by video journalist Andrew Callaghan. The remaining 20% will be allocated to charitable donations, liquidity provisions, distribution to exchange partners and market makers, and to cover the accounting, legal, administrative, and compliance costs of the token foundation.
Trump-related crypto projects have caused investors at least $4.7 billion in losses, Public Citizen says
Odaily News - U.S. President Donald Trump and his family have caused investors at least $4.7 billion in losses through digital asset projects since 2022. Consumer rights advocacy nonprofit Public Citizen stated that the related projects include the World Liberty Financial governance token, NFT trading cards, Official Trump (TRUMP), and Trump Media's digital asset reserve.Among these, TRUMP investors lost approximately $3.2 billion, while USD1 stablecoin investors did not suffer significant losses. Public Citizen noted that the losses from TRUMP primarily reflect a transfer of wealth to a small number of early buyers, rather than funds disappearing outright. Donald Trump also earned $7.2 million from NFT licensing fees and royalties, as well as over $600 million from World Liberty token sales and equity sales.Public Citizen also called for adding ethical standards to the Digital Asset Market Clarity Act (CLARITY Act), requiring the U.S. President and his family to withdraw from related industry projects. Trump met with crypto company executives last week and called for passing a "fair version" of the bill. The Senate is scheduled to vote on a procedural motion on September 15, and advancing the bill requires support from at least 60 senators. (Cointelegraph)
Related news
Bonk Guy: Onchain Meme Market Is Far From Bottoming Out, Historic Opportunities May Reappear
Odaily reports: Bonk Guy posted stating that the view that onchain trading and the Meme coin market have fallen into the worst period in history reflects a misperception within the crypto community (CT) regarding the current state of the market. Over the past 4 months, about 6 new tokens reached market caps of $100 million to $300 million or more, among which PONS started from zero and its fully diluted valuation (FDV) once reached $960 million, while the FDVs of tokens such as ANSEM, CASHCAT, AI, and STONK also all broke through $300 million at one point. In addition, dozens of new tokens surpassed $10 million in market cap, and despite the deterioration in market structure, tokens with sharp gains still occasionally emerge onchain.Bonk Guy compared the current market with previous downturn periods, noting that before the emergence of Robinhood Chain, the market went through a long stretch with almost no notable rallies; and after the launch of the TRUMP token last year and before the initial rise of BonkFun, there was also a period of about half a year during which almost no token could break through a market cap of $2 million to $5 million.He believes that although the current market is no longer in the broad rally phase seen a few months ago, this does not mean trading opportunities have disappeared. He expects the market may recover soon, even faster than most people anticipate, and suggests paying attention to tokens that have already demonstrated the ability to deliver outsized performance in the previous cycle, seeking opportunities during market pullbacks. The market is currently filled with pessimism and negative narratives, and investors should not be swayed by the noise. Historical experience shows that some previously strong tokens may not only return to their prior highs but even break through further once the next market cycle begins. The biggest opportunities often appear before market sentiment reverses and while mainstream investors have yet to change their views.
LIBRA token scandal comes to a close: Argentine judge dismisses criminal investigation against President Milei, Milei and relatives cleared of charges
court records show Argentine federal judge Marcelo Martinez de Giorgi has dismissed, at the request of prosecutors, a criminal investigation against Argentine President Javier Milei and his sister Karina Milei related to the Libra cryptocurrency scandal. In his ruling, the judge stated that the reported events do not constitute a statutory offense and failed to substantiate any deception of criminal significance.In February 2025, following Trump's issuance of TRUMP, Argentine President Milei posted on X platform mentioning the newly issued Libra, stating it would be used to fund small businesses and startups, and shared a purchase link, after which the token price rose rapidly. Hours later, Milei deleted the post, Libra's price plummeted, and most investors lost the majority of their funds. He previously denied promoting the token, stating he acted in good faith, and has not yet responded to the news of the case dismissal. (BBC)
Bubblemaps: Kimchi trades on TRUMP actually yielded around $6 million in profits, far below the rumored $40 million.
Bubblemaps stated that after tracking Kimchi's wallet addresses and related on-chain transactions, his actual profit from TRUMP was approximately $6 million, rather than the previously circulated $40 million. Bubblemaps noted that these rumors have been circulating since 2025, but had not been verified at the time, and Kimchi himself neither confirmed nor denied them.
Rumor has it that Solana trader Kimchi, who profited over $40 million from TRUMP, withdrew 1.35 billion PUMP tokens worth $6.43 million in the past 3 hours
Odaily reports: According to on-chain analyst Ai Yi, the well-known Solana trader Kimchi (Gs5F...GYeX), who is rumored to have profited over $40 million from TRUMP, withdrew 1.35 billion PUMP tokens worth $6.43 million in the past 3 hours. Today, the market cap of the token sharing his name, Kimchi, briefly reached $40 million; Kimchi himself holds 75.32% of the token's total supply. Pump.fun co-founder @a1lon9 confirmed a partnership between the two parties and stated that Kimchi is helping Pump.fun shape its creative direction.
The team behind TRUMP earned $779 million to $1.16 billion in profits from coin buyers, who lost 97%
According to Ki Young Ju, founder of CryptoQuant, the team behind TRUMP earned $779 million to $1.16 billion in profits from token holders, while buyers lost 97%.
TRUMP team distribution address transfers $11.78 million in tokens to a new address after a 12-day hiatus
According to Odaily, on-chain analyst Ai Yi has monitored that the TRUMP team distribution address (2JEP...PNme) transferred tokens worth $11.78 million to a new address after 12 days, suspected to be for depositing into an exchange. Twelve days ago, this address transferred TRUMP tokens worth $8.87 million to address 52RDq…rkaD1, which subsequently deposited them into OKX through two addresses in a similar manner.