TRUMP: Ups and Downs in the Cryptocurrency Market

user avatar

by Giorgi Kostiuk

2 years ago

The launch of the meme coin Official Trump (TRUMP) caused a stir in the crypto market, initially soaring above $70, but soon settling back to around $50. However, analysts suggest focusing on other altcoins.

Rapid Ascent of TRUMP

Donald Trump's meme coin, Official Trump (TRUMP), successfully debuted in the market, ranking among the top cryptocurrencies. The token's capitalization instantly exceeded $14.5 billion, surpassing popular tokens like Shiba Inu (SHIB). However, in the last few hours, TRUMP has encountered a slowdown, lowering its capitalization to $9.9 billion.

Analysts' Attention

Despite the intriguing prospects of rapid growth, experts believe that buying TRUMP at its peak levels is unwise. One such analyst, Michael van de Poppe, recommended focusing on altcoins that dropped by 20% over the weekend. Among them are Binance Coin (BNB), Dogecoin (DOGE), Shiba Inu (SHIB). These assets have shown substantial gains since then.

Decline in TRUMP's Value

After some time, TRUMP's price declined, especially after the competitive meme coin launch by the incoming president's wife, Melania Trump. As of today, TRUMP is trading around $50. It is noteworthy that 80% of TRUMP's total supply is held by two entities: CIC Digital LLC and Fight Fight Fight LLC, posing risks for investors.

The market situation with TRUMP's token remains highly volatile. Investments in such assets require caution, and focus should be on more stable cryptocurrencies, especially considering the central role of a few participants in the TRUMP market.

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

Broadcom Set to Gain from Alphabet's Custom TPU Sales

Broadcom is set to benefit from Alphabet's decision to sell custom TPUs to external data centers, enhancing its AI semiconductor revenue through a long-term agreement until 2031.

user avatarBayarjavkhlan Ganbaatar

Alphabet Enters Hardware Market with Custom TPUs for Data Centers

Alphabet announces the sale of its custom-made Tensor Processing Units (TPUs) to external data centers, marking a significant move into hardware sales.

user avatarTenzin Dorje

CoinsBee and TRON DAO Launch Discount Campaign for USDT Payments

CoinsBee, in collaboration with TRON DAO, is launching a campaign that offers eligible users a 2% discount on purchases made with USDT on TRON.

user avatarMohamed Farouk

USDT on TRON Surpasses Bitcoin as Most Used Payment Method on CoinsBee

USDT TRC20 on the TRON network has become the most used on-chain token and payment option on CoinsBee, surpassing Bitcoin and Ethereum in payment activity.

user avatarElias Mukuru

Panel Discussion on Trading Insights at Zoomex After Party

A flagship panel titled 'Where's the Edge' will feature industry KOLs discussing trading strategies and market dynamics.

user avatarKenji Takahashi

Ollie Bearman to Host Interactive QA at Zoomex Event

Ollie Bearman will host an interactive QA session at the ZOOMEX TRADERS AFTER PARTY on October 7, 2026, providing a unique opportunity for traders and motorsport fans to engage directly.

user avatarDiego Alvarez

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.