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Apollo said a stable token has a statutory requirement to be fully backed by US Treasurys, cash and repurchase agreements and must be 102% capitalized as a “mitigant against the risk of depegging.” The commission is also exploring how to make the token natively yield-bearing.
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Apollo said a stable token has a statutory requirement to be fully backed by US Treasurys, cash and repurchase agreements and must be 102% capitalized as a “mitigant against the risk of depegging.” The commission is also exploring how to make the token natively yield-bearing.
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While parts of the crypto community speculated that the announcement could result from a hack, sources close to Trump’s family confirmed to Cointelegraph that the project is legitimate and linked to his non-fungible token (NFT) ventures.
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Another trader transformed a $1.1 million investment into $70 million in under four hours. The individual sold 1.35 million TRUMP for 3.65 million USDC while retaining 4.62 million tokens valued at $67.5 million. A wave of high-profile trades highlighted the token’s meteoric rise.
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Meanwhile, pseudonymous crypto trader 0xsun purchased nearly 1 million TRUMP tokens with 3,000 Solana , worth $653,000. By selling part of their holding for $812,000, they netted over $3.7 million in profit.
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Large investors, or “whales,” also jumped in. One whale withdrew 61,205 SOL — worth over $14.3 million — from crypto exchange OKX to buy 1.27 million TRUMP tokens. Another spent 8.5 million USDC to purchase 1.03 million tokens at an average price of $8.28.
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TRUMP traded at $18.82 at the time of writing, with a market cap of $4.28 billion, up 10,222% since launch and generating $1.71 billion in trading volume across 227,625 transactions, according to Dexscreener.
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The project’s website outlines a total supply of 1 billion tokens, set to be released over three years. At launch, 200 million tokens, about 20% of which were unlocked, with the remaining 800 million gradually distributed over 36 months.
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Tied to Trump’s NFT ventures, CIC Digital will receive 80% of the total supply in six allocations. These will unlock linearly over 24 months following an initial lock-up period of three to 12 months. The remaining tokens include 10% reserved for liquidity and 10% for public distribution, fully unlocked at launch.
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The launch of TRUMP propelled Solana’s decentralized exchange (DEX) volumes to a record $12.9 billion within 24 hours, according to CoinGecko.
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Among the DEXs trading TRUMP, Meteora led with over $4 billion in 24-hour volume, followed by Orca and Raydium.
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Centralized exchanges, including Bybit, HTX, Gate and Bitget, have listed the token.
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Centralized exchanges, including Bybit, HTX, Gate and Bitget, have listed the token.
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davisamelia03741
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Among the DEXs trading TRUMP, Meteora led with over $4 billion in 24-hour volume, followed by Orca and Raydium.
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The launch of TRUMP propelled Solana’s decentralized exchange (DEX) volumes to a record $12.9 billion within 24 hours, according to CoinGecko.
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Appearing before US Magistrate Judge Robert Lehrburger, Kwon pleaded not guilty to nine charges, including securities fraud, wire fraud, money laundering and commodities fraud. A status conference is scheduled for Jan. 8, allowing for the defense and prosecution to share evidence.
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Kwon was apprehended in Montenegro in 2023 after authorities arrested him for using falsified travel documents. He was sentenced to four months in prison but remained in custody for much longer as courts tussled over his extradition destination.
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On Dec. 27, Montenegrin Justice Minister Bojan Bozovic finally approved Kwon’s extradition to the United States.
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“The gravity of the criminal acts, the place of execution, the order of submission of the request, the citizenship of the requested person, the possibility of further extradition to another country, as well as other circumstances,” the Ministry of Justice said.
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Two US Republican Party lawmakers are calling on the Treasury Department to provide answers to how a Chinese state-sponsored entity hacked and accessed employee workstations.
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