TRUMP Meme Coin Falls Amid Trump's Speech

user avatar

by Giorgi Kostiuk

2 years ago

The recently launched TRUMP meme coin by pro-crypto United States president Donald Trump has caught attention with its impressive price surge. However, following Trump's inauguration speech, it faced a drastic price drop.

Launch of TRUMP and Its Rise

On January 18, 2024, during the Asian trading hours, Donald Trump made a post on X (formerly Twitter) to officially introduce the TRUMP meme coin. Following this announcement, the coin's price surged from $4 to $76.67, attracting significant interest from traders and investors.

Decline in TRUMP Price

Today, as Donald Trump's inauguration speech began, the meme coin's price started struggling and failed to hold its crucial support at $40. This could potentially lead to a fall to $30, especially if a daily candle closes below $40. Market sentiment indicates a potential price correction.

Current Market Dynamics

Currently, TRUMP is trading near $37, experiencing a price decline of over 38% in the past 24 hours. During this period, trading volume increased by 30%, indicating heightened participation from traders and investors. Market sentiment suggests a profit-booking scenario.

In summary, despite the initial success of its launch, the TRUMP meme coin has faced significant market challenges in the wake of political events, and analyzing future trends should consider current market volatility.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

XRP Ledger Foundation Unveils Quantum-Resistant Protocol Roadmap

The XRP Ledger Foundation has unveiled a roadmap focusing on quantum-resistant account options, including the study of MLDSA44.

user avatarLucas Weissmann

EU Seeks Nominations for New Tokenisation Standards Group

European authorities are inviting nominations for a new Tokenisation Standards Group to enhance coordination in the financial system.

user avatarFilippo Romano

Walt Introduces Standalone Android App for Cryptocurrency Trading

Walt has launched a standalone Android app for cryptocurrency trading, allowing users to sign up without a Telegram account.

user avatarEmily Carter

Charles Schwab Expands Crypto Trading Menu with New Altcoins

Charles Schwab has expanded its crypto trading menu to include Solana, Avalanche, and Chainlink, allowing eligible clients to trade a wider range of cryptocurrencies.

user avatarTomas Novak

24X and Standard Chartered Enhance Partnership for Institutional Crypto Trading

24X Bermuda expands its partnership with Standard Chartered to facilitate institutional trading of Bitcoin and Ether, enhancing access to cryptocurrency and foreign exchange.

user avatarKaterina Papadopoulou

Strategy's Dual Approach: Bitcoin Acquisition and Preferred Share Repurchase

On November 9, Strategy announced the acquisition of 1,036 additional Bitcoin alongside the repurchase of approximately 188 million STRC preferred shares.

user avatarMaya Lundqvist

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.