Former US President Donald Trump once again drew attention by making a statement about his official meme coin $TRUMP. The statement elicited mixed reactions among coin holders and critics.
Trump's Statement and Reaction to It
In his post on the Truth Social platform, Trump stated: 'I LOVE $TRUMP — SO COOL!!!'. This garnered applause from meme coin holders but also serious criticism from political opponents and prominent crypto investors.
$TRUMP Market and Upcoming Unlock
The $TRUMP crypto price rallied by 10% on Sunday before a pullback. Despite some optimism, the price chart reflects bearish sentiment, exacerbated by an upcoming token unlock event worth $1.5 billion on April 18th. This has led many to view Trump's actions as an attempt to gather exit liquidity before the event.
Alternatives in the Crypto Market
Among alternative cryptocurrencies, Bitcoin and Solana are showing strong growth. Additionally, new projects are emerging, such as Solaxy, which are attracting investors with promising technology and a planned launch in the next bull market.
The situation around the $TRUMP meme coin remains unstable due to upcoming events, prompting investors to turn to more established assets, though interest in new projects is also high.
