Trump (TRUMP) is a meme coin originally issued on Solana, now launching on the Tron platform. This change comes with notable market shifts and upcoming regulatory updates in the crypto space.
Overview of TRUMP Token
TrumpMeme (TRUMP) launched on January 18 with a total supply of one billion tokens. As of now, TRUMP's market capitalization is $1.718 billion, with the token price reaching $8.63, up 1.07% over the past 24 hours. However, it is down 2.98% compared to the last week.
Price Trends and Potential Breakout
The TRUMP/USDT chart indicates the token is trading between $8.50 and $8.70, following a steady decline from its all-time high above $73. Resistance is expected at $12.77, while support has been established just above $8.50. Technical indicators show weak momentum, but possible early signs of recovery.
Market Changes and New Regulation
Meanwhile, meme coin BONK has overtaken TRUMP in market cap rankings, reflecting shifts in trading volumes and investor interest. Additionally, a digital asset policy report by the Trump administration is forthcoming. It is expected to address banking access and crypto regulations.
The situation in the meme coin market, especially for TRUMP, remains watchful as anticipated news and regulatory changes unfold. Traders continue to monitor developments closely.
