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View ChartElephant Money (TRUNK) is the stable coin and cross-chain deflationary utility token of the Elephant Money protocol. According to the project, TRUNK is used as collateral across various DeFi ecosystems. According to the project, TRUNK is collateralised by WBNB with deep liquidity; the CoinMarketCap description instead states it is backed by BUSD and ELEPHANT. The token operates on BNB Smart Chain as a BEP20 asset and also functions as a cross-chain token on Solana. TRUNK has a fixed supply that slowly decreases through buybacks and burns as the Elephant Money ecosystem grows. The broader ELEPHANT.MONEY protocol is described as a voluntary, sustainable, and permissionless global economic engine built on a collection of blue chip assets, with ELEPHANT as the core rewards token and TRUNK as the stable coin. The project describes the protocol as a complete product intended to provide yield and price appreciation across market cycles; these are the project's own claims and are not guarantees. Elephant Money launched in 2021.
CoinMarketCap listing date: 2 April 2024.
Elephant Money (TRUNK) was created by Tony Perkins, widely known in the crypto community as Bankteller (BT). Elephant Money Trumpet is described as "A Bankteller Production".
TRUNK operates as a stable coin within the Elephant Money protocol. According to the project, TRUNK is collateralised by WBNB with deep liquidity; the CoinMarketCap description instead states it is backed by BUSD and ELEPHANT. The token has a fixed supply that passively deflates as the ecosystem grows, with supply reductions occurring through buybacks and burns. A key component of the system is Elephant Money Trumpet (TRUMPET), a store of value backed by TRUNK. TRUMPET charges a 5% fee on minting and redemption, which funds an internal treasury. The price of TRUMPET is calculated by dividing the balance of TRUNK backing TRUMPET by the total supply of TRUMPET. The supply of TRUNK stored in the TRUMPET contract is always larger than the total supply of TRUMPET, creating a surplus built from the 5% fees. TRUMPET is fully backed by the TRUNK deposited with zero reliance on third-party liquidity. TRUMPET is described as 100% immutable with zero administrative functions, and its single-sided liquidity is locked in the contract. Users can bridge TRUNK to Solana via Wormhole and borrow USDC against it.
Elephant Money (TRUNK) distinguishes itself through several design features. TRUMPET, the store of value backed by TRUNK, has been audited by Solidity Finance (report: solidity.finance/audits/ElephantMoney/). It is open source and MIT licensed, verified on chain, and 100% immutable with zero administrative functions. The system generates extra transactional volume through a growing Elephant Treasury. TRUMPET is designed as a store of value backed by TRUNK, with the aim of rising in price over time; this is a design goal, not a guarantee, and the value can fall if the underlying TRUNK declines. The project describes the protocol as providing yield and price appreciation across market cycles; these are the project's own claims and are not guarantees. The cross-chain capability, allowing users to bridge TRUNK to Solana and borrow USDC against it, adds further utility and flexibility for participants across DeFi ecosystems.
TRUNK serves multiple functions within the Elephant Money ecosystem and broader DeFi landscape. It is primarily used as collateral in various DeFi ecosystems. TRUNK backs Elephant Money Trumpet (TRUMPET), a store of value that users can stake on the Trumpet platform. The token can be bridged to Solana, where users can borrow USDC against it. TRUNK is also used for liquidity farming on Solana platforms including Raydium and Meteora. The token can be traded on PancakeSwap on BNB Chain and on Jupiter on Solana. ELEPHANT, the protocol's core rewards token, is used to generate yield for TRUNK. The Elephant Money Stable (TRUNK) is described as a future-proof way to compound profits made across a portfolio, allowing users to lock in gains. On PancakeSwap v2, TRUNK trades in pairs including TRUNK/BUSD, TRUNK/BNB, TRUNK/DAI and TRUNK/USDT.
The Elephant Money ecosystem is structured around several interconnected components. ELEPHANT.MONEY implements a voluntary, sustainable, and permissionless global economic engine built on a collection of blue chip assets. The core components include ELEPHANT as the rewards token and TRUNK as the stable coin. Elephant Money Trumpet (TRUMPET) functions as a store of value backed by TRUNK. The ecosystem supports cross-chain operations through Wormhole bridging from BNB Chain to Solana. Liquidity farming is available on Raydium and Meteora on Solana. Trading occurs on PancakeSwap for BNB Chain and Jupiter for Solana. The Elephant Treasury generates extra transactional volume as it grows. The ecosystem also includes the Elephant Graveyard, a passive mechanism that protects the price of ELEPHANT. The protocol is described as 100% complete and finished, with a growing treasury and expanding cross-chain capabilities. TRUNK trades on a number of decentralised venues, including PancakeSwap on BNB Chain and Jupiter, Raydium and Meteora on Solana, and the ecosystem continues to develop its DeFi integrations and cross-chain functionality.
On 13 April 2022, Elephant Money suffered an exploit in which an attacker used flash loans to manipulate the price of ELEPHANT during TRUNK minting (source: rekt.news).
TRUNK is not mined. It is a BEP20 token on BNB Smart Chain with a fixed supply that decreases through buybacks and burns; in TRUNK v1, TRUNK absorbed circulating ELEPHANT through minting activity and reflection rewards from trading volume. New TRUNK is not created by mining or staking. Instead of mining, participants can acquire TRUNK through trading on supported venues or by participating in the Elephant Money ecosystem. Users can stake on Trumpet, where TRUMPET serves as a store of value backed by TRUNK. Liquidity farming is available on Raydium and Meteora for Solana-based participants. Users can also bridge TRUNK to Solana and borrow USDC against it. TRUNK can be acquired on PancakeSwap (BNB Chain) or Jupiter (Solana), and bridged from BNB Chain to Solana via Wormhole (portalbridge.com/advanced-tools).
Keeping TRUNK safe requires attention to both wallet security and protocol-level safeguards. Users should ensure they are interacting with the official contract addresses. The TRUNK contract on BNB Smart Chain is 0xdd325c38b12903b727d16961e61333f4871a70e0, and the Solana token address is 9mV4WUukVsva5wYcYW4veo34CNDiF44sh3Ji65JNdvh5. Transactions can be tracked on BscScan for BNB Chain or Solscan for Solana. The protocol has been audited by Solidity Finance. TRUMPET is described as 100% immutable with zero administrative functions, and its single-sided liquidity is locked in the contract. Users should store private keys securely, verify contract addresses before interacting, and be aware that investing in crypto-assets carries significant market risk, including extreme volatility and the potential loss of entire capital. Users should always confirm they are on the official Elephant Money website before connecting wallets.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for TRUNK are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of Elephant Money (TRUNK) (TRUNK) is A$0.047973. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated TRUNK to USD rate at the top of BTCC’s price page. In terms of market scope, Elephant Money (TRUNK) records a 24h trading volume of A$0.661061 (reflecting total buying and selling activity over the last 24 hours), with a total market cap of A$5.867138M. Its current circulating supply stands at -- out of a maximum supply cap of 124.78M.
The price volatility of Elephant Money (TRUNK) (TRUNK) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Reserve Bank of Australia (RBA) or US Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (--) to max supply (124.78M), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Elephant Money (TRUNK) (TRUNK) hit an all-time high (ATH) of A$2.360255 on 2024-07-21 16:50, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at A$0.035648 on 2026-10-13 01:10. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading TRUNK futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume (A$0.661061), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s TRUNKUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Elephant Money (TRUNK), simply log into your BTCC account with USDT margin available, navigate to the TRUNKUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for TRUNKUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: A$0.047973), you can practise opening/closing positions, adjusting leverage, and setting TP/SL for TRUNKUSDT with zero financial risk.
Trading Elephant Money (TRUNK) (TRUNK) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for TRUNKUSDT, and review its live price (A$0.047973) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
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