The current real-time price of TRUNK is $0.0383. In the past 24 hours, TRUNK has traded between $0.0382 and $0.0390, showing strong market activity. The all-time high of TRUNK is $0.8999, and the all-time low is $0.0326.
From a short-term perspective, the price change of TRUNK over the past 1 hour is , over the past 24 hours is +0.11%, and over the past 7 days is -1.07%. These figures provide a quick overview of the latest price trends and market dynamics of TRUNK on LBank.-1.71%
The live price of TRUNK today is $0.0383, with a current market cap of $4.668M. The 24-hour trading volume is 17K. The price of TRUNK to USD is updated in real time.
Before deciding whether to buy or sell TRUNK, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s TRUNK technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for TRUNK.
How much will TRUNK be worth tomorrow, next week, or next month in ? What about your TRUNK assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! TRUNK Price Prediction
To learn more about TRUNK, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
solana | 4kAyG7...wGmPay  | 9.579M | 34.89% |
solana | 547Jj6...KP8PCW | 9.150M | 33.33% |
solana | 5Q544f...pge4j1 | 6.609M | 24.07% |
solana | EPGKi4...xYcjDF | 113.159K | 0.41% |
solana | CsJUdY...pwzAht | 100.000K | 0.36% |
Other | 1.902M | 6.93% |
Elephant Money is a decentralized finance protocol that emphasizes security through 100% protocol-owned liquidity and audited smart contracts. While it employs high-yield mechanics and referral incentives that some critics scrutinize, proponents highlight the transparency of its smart contracts. The system is designed as a "flywheel" where treasury growth and fee collection are intended to sustain the ecosystem's long-term rewards and stability.
In April 2022, the protocol experienced a flash-loan exploit involving TRUNK minting. This event led to the loss of its original $1 peg. Rather than attempting to restore the peg, the developer transitioned the system to version 5.3. This update turned TRUNK into a market-valued token, removing the risks associated with maintaining a stablecoin peg and allowing the token to fluctuate based on market dynamics.
No, TRUNK is no longer a stablecoin. Since the v5.3 update, it has been decoupled from the $1 BUSD peg. It now functions as a deflationary utility token. This transition was designed to reduce regulatory risks and allow the token to benefit from market appreciation. Its value is now determined by supply and demand, supported by the protocol's burn mechanics and treasury activities.
ELEPHANT is the ecosystem's primary "store of value" token, which carries a 10% transaction tax used for reflections to existing holders. TRUNK is the "revenue share" token, which has a 0% transaction tax. While ELEPHANT drives treasury growth through its tax reflections, TRUNK is used for liquid staking in the Trumpet system, bridging to other blockchains like Solana, and participating in the platform's yield mechanics.
Trumpet is a liquid staking mechanism for TRUNK. When users mint Trumpet, a 5% fee is charged and kept within the contract. The contract's mathematical design ensures that the price of Trumpet relative to TRUNK can only increase, as TRUNK only enters the contract or is burned when users exit. This creates an "up-only" price appreciation model for Trumpet holders without the need for traditional inflationary rewards.
TRUNK can be acquired on various decentralized exchanges across the BNB Chain and Solana. For users looking to move assets between networks, cross-chain bridging protocols are used to transfer TRUNK from BEP-20 to SPL standards. Because TRUNK has a 0% transaction tax, it typically requires much lower slippage during trades compared to the ELEPHANT token, which requires higher slippage to account for its ecosystem taxes.
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