TRUMP Coin Tanks 13%—Even Donald Trump Couldn’t Save It

TRUMP Coin Tanks 13%—Even Donald Trump Couldn’t Save It

Este artículo también está disponible en español.

Bear in mind the TRUMP meme coin that soared to over $5 billion market worth instantly after President Donald Trump took his oath? Effectively, it’s presently on a downtrend. It’s buying and selling barely above $17, down practically 18% from its earlier day’s shut.

The token’s newest worth motion got here when President Trump took issues into his personal fingers and shared a put up concerning the token on Fact Social.

Associated Studying

On its weekly chart, TRUMP is down 35% and 70% from its all-time excessive, suggesting a bleak outlook for its holders and traders.

TRUMP down within the final 24 hours. Supply: CoinMarketCap

It’s Going Down For TRUMP Holders

The broader crypto trade is within the purple proper now, led by Bitcoin, which has dropped to $95k. Different cryptocurrencies are struggling within the present market, however the $TRUMP token will get particular point out for its distinctive circumstances.

It was reported that the token’s crash occurred proper after the President shared a put up on his Fact Social account. Additionally, his administration has been heading off criticisms after saying the brand new tariff coverage.

BTC is now buying and selling at $95,264. Chart: TradingView

Instantly after the put up went public, TRUMP’s worth dipped by greater than 13%, dropping under $20. The token loved an enormous run two weeks in the past, hitting an all-time excessive of $73.43. Additionally, knowledge means that buying and selling quantity for the asset has elevated by 65%, valued at $3.4 billion, as holders transfer to promote.

TRUMP Is Extremely Risky, Holders Ponder Subsequent Transfer

After hitting a low of $18.75, the token made just a few positive factors to commerce above $21. Nevertheless, it’s again on the $17 degree, suggesting that it’s presently extremely risky and testing the persistence of most merchants and holders.

Supply Coinglass

In accordance with Coinglass’ derivatives knowledge, TRUMP’s open curiosity has decreased by over 13% to $720 million, whereas 24-hour liquidations have elevated to over $15 million, with lengthy liquidations totaling $11 million.

For a lot of skilled merchants, the token’s temporary dip under $20 is a shopping for alternative. Captain Faibik, a well-liked crypto analyst, has joined the conversations suggesting to “buy the dip.” In accordance with Faibik, the token’s falling wedge continues to be energetic, and he expects a robust restoration from it.

Associated Studying

A Trump Pump And A Doable Bounce Again?

In crypto, the falling wedge typically signifies a possible worth breakout. Many $TRUMP holders are utilizing this chart to argue {that a} surge for this token is occurring quickly.

Crypto knowledgeable Edward Morra additionally shared his ideas, saying that the token has recovered from the $20 degree and predicted it’s now on the best way up. He admitted that $TRUMP went deeper than anticipated, however he shared that he purchased the dip and is now taking a look at its bullish potential.

Over at Fact Social, President Trump shared a put up in assist of his token, an apparent ploy on advertising and marketing. Nevertheless, many observers criticized this transfer from the president, saying that the “pump” could quickly result in a “dump”.

Featured picture from Pexels, chart from TradingView

Supply hyperlink

author avatar
Crypto Dunia
bitcoin
Bitcoin (BTC) $ 109,435.32 1.15%
ethereum
Ethereum (ETH) $ 2,576.61 2.42%
tether
Tether (USDT) $ 1.00 0.01%
xrp
XRP (XRP) $ 2.27 2.57%
bnb
BNB (BNB) $ 662.84 1.13%
solana
Solana (SOL) $ 152.14 3.31%
usd-coin
USDC (USDC) $ 1.00 0.01%
tron
TRON (TRX) $ 0.287985 1.52%
dogecoin
Dogecoin (DOGE) $ 0.172959 5.47%
staked-ether
Lido Staked Ether (STETH) $ 2,575.58 2.40%
cardano
Cardano (ADA) $ 0.589008 2.82%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 109,389.31 1.21%
hyperliquid
Hyperliquid (HYPE) $ 39.94 1.43%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,118.68 2.65%
sui
Sui (SUI) $ 2.94 1.11%
bitcoin-cash
Bitcoin Cash (BCH) $ 498.17 2.25%
chainlink
Chainlink (LINK) $ 13.58 2.91%
leo-token
LEO Token (LEO) $ 9.03 0.15%
stellar
Stellar (XLM) $ 0.252927 6.50%
avalanche-2
Avalanche (AVAX) $ 18.48 3.78%
usds
USDS (USDS) $ 1.00 0.01%
the-open-network
Toncoin (TON) $ 2.83 4.00%
shiba-inu
Shiba Inu (SHIB) $ 0.000012 3.88%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,757.64 2.32%
hedera-hashgraph
Hedera (HBAR) $ 0.16033 4.67%
weth
WETH (WETH) $ 2,574.10 2.31%
litecoin
Litecoin (LTC) $ 87.85 0.90%
whitebit
WhiteBIT Coin (WBT) $ 45.02 0.63%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.02%
monero
Monero (XMR) $ 323.23 2.90%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 109,361.30 1.01%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.02%
bitget-token
Bitget Token (BGB) $ 4.45 1.34%
polkadot
Polkadot (DOT) $ 3.41 2.03%
uniswap
Uniswap (UNI) $ 7.46 2.46%
aave
Aave (AAVE) $ 287.20 5.28%
pepe
Pepe (PEPE) $ 0.00001 5.24%
dai
Dai (DAI) $ 1.00 0.02%
pi-network
Pi Network (PI) $ 0.467678 3.97%
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.18 0.03%
bittensor
Bittensor (TAO) $ 330.00 2.91%
okb
OKB (OKB) $ 48.55 0.58%
aptos
Aptos (APT) $ 4.48 1.79%
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00 0.00%
jito-staked-sol
Jito Staked SOL (JITOSOL) $ 184.77 3.32%
near
NEAR Protocol (NEAR) $ 2.19 3.01%
internet-computer
Internet Computer (ICP) $ 4.87 2.58%
ethereum-classic
Ethereum Classic (ETC) $ 16.73 2.71%
crypto-com-chain
Cronos (CRO) $ 0.0815 0.76%
ondo-finance
Ondo (ONDO) $ 0.798359 2.56%
susds
sUSDS (SUSDS) $ 1.06 0.02%
usd1-wlfi
USD1 (USD1) $ 1.00 0.05%
kaspa
Kaspa (KAS) $ 0.077942 4.65%
mantle
Mantle (MNT) $ 0.573832 1.86%
fasttoken
Fasttoken (FTN) $ 4.43 0.04%
cosmos
Cosmos Hub (ATOM) $ 4.10 2.50%
gatechain-token
Gate (GT) $ 15.55 2.05%
vechain
VeChain (VET) $ 0.021012 2.41%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 0.68615 4.83%
bonk
Bonk (BONK) $ 0.000023 15.77%
official-trump
Official Trump (TRUMP) $ 8.68 1.74%
render-token
Render (RENDER) $ 3.25 3.41%
ethena
Ethena (ENA) $ 0.265151 4.51%
sky
Sky (SKY) $ 0.079111 4.12%
lombard-staked-btc
Lombard Staked BTC (LBTC) $ 109,473.33 1.22%
arbitrum
Arbitrum (ARB) $ 0.335379 3.12%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.184836 1.83%
quant-network
Quant (QNT) $ 109.49 2.33%
filecoin
Filecoin (FIL) $ 2.30 2.52%
binance-peg-weth
Binance-Peg WETH (WETH) $ 2,577.15 2.46%
algorand
Algorand (ALGO) $ 0.178548 2.67%
jupiter-perpetuals-liquidity-provider-token
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 4.51 1.41%
worldcoin-wld
Worldcoin (WLD) $ 0.901845 4.27%
sei-network
Sei (SEI) $ 0.264752 0.13%
first-digital-usd
First Digital USD (FDUSD) $ 0.998148 0.02%
usdtb
USDtb (USDTB) $ 0.999938 0.01%
tokenize-xchange
Tokenize Xchange (TKX) $ 17.60 17.34%
binance-staked-sol
Binance Staked SOL (BNSOL) $ 161.49 3.37%
kucoin-shares
KuCoin (KCS) $ 11.06 0.29%
usdt0
USDT0 (USDT0) $ 1.00 0.07%
jupiter-exchange-solana
Jupiter (JUP) $ 0.44594 2.04%
spx6900
SPX6900 (SPX) $ 1.34 9.47%
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 2,697.60 2.30%
nexo
NEXO (NEXO) $ 1.23 0.82%
rocket-pool-eth
Rocket Pool ETH (RETH) $ 2,933.66 2.33%
fartcoin
Fartcoin (FARTCOIN) $ 1.18 0.57%
flare-networks
Flare (FLR) $ 0.01662 0.03%
celestia
Celestia (TIA) $ 1.64 10.58%
polygon-bridged-usdt-polygon
Polygon Bridged USDT (Polygon) (USDT) $ 1.00 0.01%
injective-protocol
Injective (INJ) $ 10.62 1.04%
virtual-protocol
Virtuals Protocol (VIRTUAL) $ 1.58 2.22%
xdce-crowd-sale
XDC Network (XDC) $ 0.063355 1.09%
sonic-3
Sonic (S) $ 0.316236 2.61%
blockstack
Stacks (STX) $ 0.663715 3.73%
binance-bridged-usdc-bnb-smart-chain
Binance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00 0.03%
pudgy-penguins
Pudgy Penguins (PENGU) $ 0.015576 5.33%
mantle-staked-ether
Mantle Staked Ether (METH) $ 2,751.86 2.34%
stakewise-v3-oseth
StakeWise Staked ETH (OSETH) $ 2,703.21 2.30%
optimism
Optimism (OP) $ 0.548703 3.71%
syrupusdc
SyrupUSDC (SYRUPUSDC) $ 1.11 0.01%
Scroll to Top