TRUMP Coin (TRUMP): price, market cap, charts, and how to buy

In recent months, the crypto ecosystem has seen the emergence of various tokens linked to public and political figures. One of the most talked-about is undoubtedly TRUMP Coin

Recently, the crypto ecosystem has seen the emergence of various tokens linked to public and political figures. Among them, TRUMP Coin has sparked considerable interest, with its value and trading volume growing in parallel with the media visibility of the President of the United States, Donald Trump.

Currently priced at $8.04 according to CoinMarketCap data, the token presents interesting dynamics both in the spot market and in the derivatives markets. But beyond the media appeal, does TRUMP Coin truly represent an asset with solid prospects? In this article, we analyze the current situation, observing market sentiment, volumes, liquidations, and we formulate two hypothetical scenarios for the future of the token.

Current State of TRUMP Coin

Price and Capitalization

At the time of writing, TRUMP Coin is trading at $8.04, slightly down by 0.41% in the last 24 hours. The market capitalization is approximately $1.6 billion, with a daily trading volume of $333.86 million, significantly down compared to the previous day (-48.39%).

The token's capital gains are remarkable, considering that in December 2022, it was priced at less than $1. Since then, it has experienced a remarkable rally, reaching a peak of over $30 in January 2024.

The total supply of the token is 999.99 million TRUMP, but the circulating supply is only 199.99 million, suggesting that a large portion of the token is still locked or not distributed in the market. This imbalance can increase volatility and favor speculative dynamics.

Sentiment and Participation

The sentiment of the community on CoinMarketCap shows a slightly bullish trend, with 66% of users declaring themselves optimistic against 34% who predict a decline. However, this enthusiasm seems more related to the character the token is inspired by rather than the token's fundamentals.

On social media, a post by Watcher.Guru has gone viral, reporting a statement attributed to Donald Trump (“I haven’t seen today’s stock market drop”), highlighting how the narrative around the character directly influences perception and, often, the price of the token.

TRUMP Coin: dynamics of derivatives and data from Coinglass

Liquidations: A Warning Bell

One of the most significant elements is the amount of liquidations recorded in recent months. According to the data from Coinglass, in the last 60 days, over $645 million in liquidations (both short and long) related to TRUMP Coin have been recorded.

This figure is particularly high, especially if we consider that other major cryptocurrencies like Bitcoin and Ethereum have recorded total liquidations of $474.36 million and $386.12 million respectively in the same period.

An exceptional peak of liquidations (both short and long) occurred around mid-January, coinciding with a price surge beyond $30. Since then, TRUMP Coin has embarked on a slow decline, now standing at $8.

This indicates that many traders have bet in an excessively speculative manner, being liquidated in both bull and bear positions. The phenomenon is typical of extremely volatile assets and often manipulated by a few large players.

Open Interest and Volume

According to the data from Coinglass:

These numbers show a significant speculative interest, but also a certain concentration on a few exchanges, which can make the market vulnerable to manipulations or sudden liquidity crashes.

Two Possible Scenarios for TRUMP Coin

Bullish Scenario: electoral hype and new speculative wave

In the event that Donald Trump should increase his media or political visibility — for example, by officially running in the next presidential elections — the TRUMP Coin could benefit from renewed enthusiasm from the community.

In this scenario:

However, it is important to remember that this scenario strongly depends on factors external to the crypto market, such as political and media events.

Return to Reality

On the other hand, a bear scenario could materialize just as quickly. The foundations of the project remain fragile, and the narrative could run out once the speculative wave ends.

In a bear scenario:

Furthermore, a lack of updates or a clear roadmap from the token creators could also cause small holders to lose confidence.

TRUMP Coin represents one of the most emblematic cases of the link between political narrative, pop culture, and speculative markets. The high volatility, liquidation dynamics, and the enormous disparity between total supply and circulating supply suggest caution, especially for those who are not very experienced with derivative instruments.

We cannot know for certain what the future of the token will be, but the data is clear: TRUMP Coin is a high-risk and high-volatility asset, whose fortune will depend more on the political and social context than on technological factors.

As always, it is important to observe the data, analyze the fundamentals (when present), and not