Elephant Money (TRUNK): Uses, Supply and Risks

Elephant Money (TRUNK) is a utility token associated with the Elephant Money decentralized finance protocol. The project describes TRUNK as a cross-chain token used as collateral in DeFi products. It is issued on BNB Chain and Solana; it is not listed as the native token of either chain. Its role is therefore tied to Elephant Money’s protocol and integrations rather than paying for a network’s general transaction security.

The project also describes Elephant Money Trumpet (EMT) as a store-of-value token backed by TRUNK. That is a description of the protocol’s intended design, not a guarantee that EMT will always hold or gain value, or that redemptions will always be available on the expected terms. TRUNK and EMT are separate tokens with different roles. Before using either, check which asset and network a particular app or transaction requires.

Elephant Money says TRUNK can be used as collateral across DeFi ecosystems. Its protocol description also says users can bridge TRUNK to Solana and borrow USDC. Borrowing against a token can create additional risks: collateral values can fall, loan terms can change, and a position may be liquidated if it no longer meets the protocol’s requirements. Confirm the current borrowing rules and costs before interacting with a product.

The project describes EMT as backed by TRUNK deposited with the protocol, with no reliance on third-party liquidity. It states that EMT has no transfer or developer fees and that minting and redemption carry a 5% fee. These are protocol claims and terms that may change; they should not be treated as a promise of returns or easy redemption. Review the current contract behavior, fees, and redemption conditions rather than relying only on a product description.

TRUNK is issued on BNB Chain and Solana, so tokens on the two networks may require different wallet addresses, apps, and transaction fees. Moving assets between networks generally involves a bridge or other cross-chain mechanism. Bridges and wrapped or bridged assets can introduce additional smart-contract, operational, and custody risks. Check the network and token identity carefully before sending funds; an asset with the same ticker on another chain may not be the version you intend to use.

The reported circulating and total supply is about 124.8 million TRUNK. The figures supplied for total and maximum supply differ slightly because of rounding, so a precise cap should not be inferred from them. Token supply can also depend on the project’s contract and accounting. For current balances or supply details, consult the relevant chain’s contract information and the project’s current documentation.

As of 2026-11-05, TRUNK was priced at about $0.033, with a reported market capitalization of about $4.2 million and 24-hour trading volume of about $10,000. These are time-sensitive figures, not stable characteristics of the token. Trading activity can vary, and a small reported volume may mean it is harder to trade larger amounts without affecting the price. Market capitalization is an estimate based on price and circulating supply; it does not represent cash available to holders.

The reported all-time high was about $0.90 on 2024-08-17, while the reported all-time low was about $0.016 on 2026-04-20. Historical prices do not establish what TRUNK will be worth later. Token prices, supply estimates, and trading conditions can change quickly, so treat any quoted figure as a dated snapshot rather than a forecast.

TRUNK carries the risks common to DeFi tokens, including sharp price swings, limited liquidity, smart-contract defects, bridge failures, and changes to protocol rules or access. The Elephant Money protocol was also the subject of public reporting about an attack in April 2022 involving approximately $11.2 million in BNB. That history is relevant when assessing protocol and security risk, but it does not by itself establish the current security of every contract or product. Check recent security information and the exact contract you plan to use.

For storage, use a wallet that supports the correct network, or an exchange that explicitly supports TRUNK deposits and withdrawals on that network. Verify the token and network before transferring; sending to an incompatible address or chain can result in lost funds. Keep recovery phrases and private keys offline and private, and be cautious of messages asking you to connect a wallet or approve a transaction. No storage method removes the risk of loss.