Donald Trump is giving out $50 worth of his memecoin to people who previously bought other merchandise

Catherine McGrath

<p>President Donald Trump is rewarding his supporters by giving out around $50 worth of his memecoin.&nbsp;</p><div class="paywall-selector"></div><div class="paywall">



<p>People who purchased merchandise on Trump’s website before Feb. 15 are eligible for three <a href="https://www.binance.com/en/price/official-trump">$TRUMP</a> tokens, according to Trump’s official memecoin <a href="https://claim.gettrumpmemes.com/">website</a>, in pursuit of the goal to “create the Biggest, Strongest Crypto Community the World has ever experienced.”</p>



<p>However, there is some fine print. His website specifies that only purchases of a few expensive products are eligible for the tokens including Trump-branded watches, fragrances, digital trading cards, and golden sneakers. Airdrop participants can access their reward through March 1 using the email used to purchase the products. The reward will be redeemed through what is known as a token airdrop, in which tokens are directly deposited into each participant’s crypto wallet. </p>



<p>President Trump has promoted an array of products throughout his political tenure, from MAGA-themed athleisure to a $60 Bible. He unexpectedly launched his memecoin in the lead-up to his inauguration in January, sending shockwaves through the crypto industry as it quickly became one of the top 15 cryptocurrencies with a market cap of $14 billion. </p>



<p>But it wasn’t long before the token began to slide amid <a href="https://decrypt.co/302003/trump-meme-coins-crash-following-us-presidential-inauguration">concerns</a> over the speculative nature of the asset, despite claims on its website that it is not meant to be an investment, but rather an expression of support for Trump. $TRUMP is now worth around $16 per coin, down 8% in the past 24 hours. The currency has lost nearly 80% of its value since peaking at $73 in January. </p>



<p>Some critics have also raised concerns that Trump’s 80% ownership of the token&#8217;s supply leaves the door open for a <a href="https://fortune.com/2025/01/22/donald-trump-net-worth-memecoin-red-flag-investors-rug-pull/">rug pull,</a> a type of crypto scam in which token developers artificially inflate the price of a token before selling their stake and tanking its value. </p>



<p>Since the coin’s release, $TRUMP holders overall have lost more than <a href="https://fortune.com/2025/02/11/trump-memecoin-traders-2-billion-dollar-loss-family-100-million-fees/">$2 billion</a> according to an analysis commissioned by the <em>New York Times</em>, while separate analyses from crypto data firms Merkle Science and Chainalysis found that trading fees have generated about $100 million for entities behind the memecoin, which includes the Trump Organization.</p></div>

Three $TRUMP tokens will be deposited directly into supporters’ crypto wallets.


Donald Trump giving out $TRUMP memecoins to supporters

Illustration of a coin with Donald Trump's image on it

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