Elizabeth Warren and Richard Blumenthal asked the SEC to investigate whether $TRUMP illegally facilitated fraud, unjust enrichment or a gradual “soft rug pull.” The token fell from a $9 billion peak to below $400 million, while almost one million investors collectively lost roughly $3.8 billion overall.
The investigation could redefine crypto regulations, impacting memecoin markets and highlighting potential limits of crypto-friendly policies. Senators Warren and Blumenthal urge SEC to investigate TRUMP memecoin on Solana.
Democratic senators Elizabeth Warren and Richard Blumenthal have asked the SEC to investigate whether the TRUMP meme coin facilitated fraud or improper enrichment after its value collapsed 98% from its peak.
Can the bullish divergence with the volume indicator see a rally for TRUMP memecoin?
TRUMP Coin is attracting crypto traders' attention following the Trump token team's move to transfer significant amounts of the meme asset to custodial addresses associated with the Fireblocks digital asset management platform.
The team behind the Donald Trump-backed Official Trump (TRUMP) memecoin has transferred nearly $16.9 millionworth of TRUMP tokens to custody wallets, triggering fresh speculation about the projects next move. The on-chain activity comes as lawmakers push forward with the CLARITY Act and as the tokens scheduled unlock continues to attract investor attention.
The wallet tied to the Trump team's TRUMP token allocation moved another 10.84 million tokens, worth $16.91 million, toward custodian Bitgo on July 25, extending a pattern the team has repeated for months. Onchain Data Flags a Fresh Bitgo Transfer Blockchain analytics platform Lookonchain said the official Trump team allocation wallet sent 10.
Futures capital retreated, while Spot deposits rose. Which market is giving the clearer warning?
The White House posted a nine-second video promoting a new $1 “Trump Coin” on Wednesday, briefly rattling the market for the TRUMP memecoin, where nearly 989,000 wallets remain underwater.
The TRUMP meme coin is facing renewed pressure after the project outlined plans that could deploy up to 96 million tokens into its ecosystem, a move that has sparked concerns over future price recovery. The proposed allocation represents roughly 40% of the tokens 237 million circulating supply and nearly three days worth of its average daily trading volume of about $55 million.
Nearly one million investors in the TRUMP meme coin had accumulated losses totaling $3.81 billion by the end of June, according to blockchain data, underscoring the steep cost of retail speculation in politically branded digital assets.
Nearly 1 million investors, or roughly two-thirds of investors who purchased President Donald Trump's branded TRUMP memecoin have lost a combined $3.81 billion through the end of June.