Zack Guzman argues that reporting the market cap of the $TRUMP memecoin at $75 billion is misleading, a valuation tied to the current float would put the number closer to $13 billion

Coinage Media’s Zack Guzman has challenged headline claims that the Official Trump ($TRUMP) memecoin reached a roughly $75 billion market cap, arguing that this figure is misleading because it is derived from a fully diluted valuation rather than from the tokens actually circulating in the market. He notes that most reporting simply multiplies the latest token price by the total theoretical supply, even though a large share of those tokens is locked or otherwise not part of the current tradable float. On Guzman’s math, a valuation tied to the circulating supply puts TRUMP’s effective market value closer to $13 billion, a fraction of the widely repeated headline number. The debate comes amid a broader surge and intense speculation around the Trump‑branded meme tokens, with the TRUMP coin rapidly crossing multi‑billion‑dollar valuations and drawing mainstream attention to its price swings. Guzman’s critique underscores a long‑standing issue in crypto markets: inflated or misunderstood “market cap” numbers that can overstate how much real capital is at risk or invested. For readers and traders, the distinction between fully diluted valuation and float‑based market value is material to understanding liquidity, risk, and the scale of any single token’s impact on the wider market. This valuation discussion also feeds into ongoing scrutiny of the Trump family’s memecoin launches, which include Donald Trump’s TRUMP token and Melania Trump’s MELANIA token, both of which have posted eye‑catching on‑paper valuations shortly after launch. As regulatory and political interest in these tokens grows, questions around how their market size is represented—and whether headline market caps create a distorted picture of economic reality—are likely to remain central to coverage and policy debates.

✨ AI-generated background, compiled from web sources — not editorial content.

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