Following Donald Trump's inauguration, the TRUMP token experienced a sharp 40% decline, attracting interest from large investors.
Sharp Fall in TRUMP Token Price
The TRUMP token, launched by President Donald Trump on the Solana platform, has seen a significant price drop from $74 to $38 in the past 24 hours, leading some investors to panic.
Possible Reasons for the Drop
The drop may be linked to unmet expectations surrounding Trump's inauguration speech, which failed to mention cryptocurrencies, disappointing traders hoping for news on the subject.
Actions of Major Investors
Despite the drop, big players in the market are buying up the TRUMP token at lower prices. According to lmk.fun, there have been significant purchases as investors seem to see long-term potential in the token. For example, one whale spent 7.06M USDC to buy 207.87K TRUMP at $34.
Despite the sharp price decline, the TRUMP token continues to draw attention from large investors, indicating belief in its potential future growth.
