- summary:
- TRUMP meme coin rose to $75 before falling 55% to $33.65. Discover the dangers of this volatile meme.
$TRUMP meme coin has been making headlines due to its extreme volatility. After its launch on January 17, 2025, the token quickly rose to a high of $75, driven by the hype surrounding President Trump’s second inauguration. However, the coin has since fallen sharply to $33.65 as of the time of writing, losing more than 55% of its value from its peak.
What caused the Trump coin collapse?
- Concerns about insider ownership: Reports indicate that Trump-affiliated entities control a significant portion of the coin’s supply, raising concerns of market manipulation.
- Speculative nature: Like most cryptocurrencies, TRUMP lacks inherent utility, making it vulnerable to volatility and investor sentiment.
- Market Saturation: The launch of other Trump-themed tokens such as the Melania Token has fragmented investor attention and liquidity.
TRUMP Meme Coin Chart Analysis
$TRUMP meme coin has shown significant volatility since its launch:
- Price Action: After launching at $15, TRUMP price rose to $75 and then returned to $33.65 as of today, losing over 55% from its peak.
- Key Support Level: The $30 level appears to be a critical support area, as the price briefly bounces from this level during the pullback.
- Resistance Level: The $50 mark acts as immediate resistance, and marks the midpoint of the recent decline. A break above this level could reignite the bullish momentum.
Is the TRUMP Meme a cautionary tale?
$TRUMP coin serves as a clear warning about the risks associated with investing in speculative assets. Although its rapid rise demonstrated the attractiveness of meme coins, the following decline underscores its volatility. As the cryptocurrency market develops, investors should approach these investments carefully, focusing on detailed research rather than excitement.
The success of TRUMP and similar tokens like Melania Token ($MELANIA) will depend on their ability to maintain sustained interest in the progressively competitive cryptocurrency market.
