The Trump token "TRUMP" has fallen over 70% from its peak

2025-02-03 17:50:51

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ChainCatcher news, according to Jinshi reports, the recent decline in the cryptocurrency market over the past 24 hours has caused the token "TRUMP" issued by Trump to drop further, reaching an astonishing 75% decline from its peak. Trump issued this token just days before his inauguration on January 20, making it the first "meme coin" officially recognized by a sitting U.S. president.

An analysis by CoinDesk shows that within less than 48 hours of its launch, the token's market capitalization soared from zero to a peak of $14 billion, although most retail traders incurred losses on this token.

Trump had previously continued to voice his support for this token on his social media platform; however, the market's reaction has not been as enthusiastic as expected. As of Sunday morning local time, the price of the Trump token had fallen to a low of $19.09.

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