• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Crash of TRUMP Meme Coin: How the Token Dropped by 40%

user avatar

by Giorgi Kostiuk

2 months ago


In the past 24 hours, the TRUMP meme coin has sharply fallen by 40.88%, erasing much of its previous gains. Initially popular among investors following Donald Trump's presidential inauguration, the token raised hopes of a market boost.

Whale Activity Shakes Confidence

Whale activity has been a major factor in the token’s price crash. According to Lookonchain data, two significant transactions were recorded. One involved a whale named Ansem, who sold 194,799 TRUMP tokens worth $6.83 million, incurring a $2.55 million loss. Another transaction saw 1.62 million TRUMP tokens, valued at $67.4 million, transferred to an unknown wallet, sparking fears of further sell-offs.

Broader Meme Coin Market Suffers

The sell-off has rippled through the broader meme coin market. Solana-based tokens like MELANIA, BONK, and WIF have suffered substantial losses: MELANIA down by 62.7%, BONK losing 1.7%, and WIF dropping by 5.4%. Allegations of a pump-and-dump scheme involving Cuba, reportedly rug-pulling $158 million, have added to investor concerns.

Analysts Warn of Risks

Crypto enthusiast Balaji Srinivasan has cautioned against the risks of investing in tokens like TRUMP. He explained that every buy order for such coins is met with a sell order, leading to price drops. While acknowledging the community-driven success of some meme coins, Srinivasan stressed that the best tokens are those with real-world value. Mark Cuban, a major crypto investor, has also criticized the TRUMP meme coin, calling it a project with no real-world use. Meanwhile, John Deaton expressed his fears about Trump’s enthusiasm for meme coins, questioning the lack of clear regulations. The market is eagerly awaiting Trump's fulfillment of his crypto promises in his first 100 days.

While the launch of the TRUMP meme coin led to a short-term rally, the market is looking forward to clear crypto regulations. Many crypto assets are waiting for SEC clearance to recover from losses faced in unfair trials.

0

Share

Other news

Ethereum: Selling Pressure from Whales and DeFi Market Shift

Ethereum's drop below $1,800 raises market concerns. The $1,762 support level is crucial for a potential price reversal.

user avatarGiorgi Kostiuk

6 minutes ago

Blockchain Networks Compared: Solana, Avalanche, and BlockDAG Testnet

Explore the differences and achievements of Solana, Avalanche, and the BlockDAG testnet in blockchain technology.

user avatarGiorgi Kostiuk

6 minutes ago

Trump's Financial Transparency: Links with World Liberty Financial Raise Questions

Senators demand SEC transparency regarding Trump's ties to crypto company WLFI.

user avatarGiorgi Kostiuk

7 minutes ago

Crypto Industry Trends: Examining Arctic Pablo Coin, Cheems, and Book of Meme

Overview of the latest cryptocurrency developments: Arctic Pablo Coin, Cheems, and Book of Meme.

user avatarGiorgi Kostiuk

16 minutes ago

Ripple Introduces RLUSD to Enhance Global Payments

Ripple Labs integrates RLUSD to simplify cross-border payments and increase liquidity.

user avatarGiorgi Kostiuk

16 minutes ago

Cryptocurrencies Worth Watching: Qubetics, HNT, and AAVE

An overview of Qubetics, HNT, and AAVE: innovations and prospects through 2025.

user avatarGiorgi Kostiuk

17 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.