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Cryptocurrency News Articles
TRUMP Coin (TRUMP) and Trump Media & Technology Group Corp. (DJT) See Their Values Significantly Erode Investor Wealth
Feb 05, 2025 at 04:09 pm
TRUMP Coin, which was launched ahead of Trump's first day in office has declined by about 40.08% according to CoinMarketCap.
TRUMP Coin (TRUMP/USD) and Trump Media & Technology Group Corp. (NASDAQ:DJT) both soared following President Donald Trump‘s swearing-in ceremony on Martin Luther King Day, but their gains have since eroded investor wealth.
TRUMP Coin, which was launched ahead of Trump’s first day in office, has declined by about 40.08% according to CoinMarketCap. Whereas, DJT has fallen by 13.96% in the same period, according to Benzinga Pro.
TRUMP coin’s current volume stood at 2.15 billion as compared to the average volume of $8.67 billion since its launch, whereas, DJT’s volume stood at 3.53 million, in comparison with the average of 20.03 million.
Also Read: TRUMP Memecoin Sale Cost Trader $33 Million In Potential Gains As Memecoin Plunges 76% From Market Top
TRUMP Coin Highlights Meme Coin Volatility
TRUMP coin highlights the volatility of meme coins, especially those tied to celebrities. Launched before Trump’s presidential inauguration, TRUMP briefly reached a fully diluted valuation of $75 billion but has since dropped 76%, now valued at $17.81 billion. The meme coin, despite offering some utility, such as for purchasing Trump-branded merchandise, has seen its price largely influenced by broader market trends.
Meanwhile, DJT is expanding its presence in financial services with the launch of Truth.Fi, a fintech division that will create investment opportunities with a focus on crypto.
The company’s board has approved a financial plan that will involve deploying up to $250 million of its $700 million cash reserves into various financial instruments, including customized exchange-traded funds (ETFs), separately managed accounts (SMAs), and Bitcoin.
CEO Devin Nunes, is positioning Truth.Fi as a financial arm of its media network, which already includes Truth Social and the streaming platform Truth+. The company plans to create investment products centered on America-first industries, targeting growth sectors, manufacturing, energy, and crypto and blockchain-related assets.
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- Using Cryptocurrency to Make Real-World Purchases
- Feb 05, 2025 at 09:51 pm
- Bitcoin (BTC) and other cryptocurrencies have gone beyond their initial purpose as investments to become viable tools for everyday transactions. As more businesses embrace this digital revolution, the list of goods and services you can purchase using crypto continues to grow.
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- Punisher Coin: The Next 1000x Meme Coin on Solana?
- Feb 05, 2025 at 09:51 pm
- If you regret missing out on the explosive gains from the recent 1000x pump of Official Trump Token, you’re not alone. However, there are plenty of opportunities in the cryptocurrency world, and the next significant one is just around the corner.
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- Crypto Market Turns Somber as Bitcoin and Ether Drop as Much as 3%
- Feb 05, 2025 at 09:51 pm
- The crypto market has turned somber, with major cryptocurrencies such as bitcoin (BTC), ether (ETH), solana (SOL), Binance coin (BNB) and chainlink (LINK) trading as much as 3% lower, amid frustration over the slow progress on the creation of a U.S. strategic BTC reserve and signs of dollar liquidity tightening.
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- Sun Yuchen's layout: From WLFI consultants to the political stage, leveraging new growth in DeFi globalization and compliance
- Feb 05, 2025 at 09:46 pm
- World Liberty Financial (WLFI), a cryptocurrency project backed by the Trump family, announced on January 20 that it has increased its cryptocurrency assets by more than $88 million, including $32.81 million in WBTC, $37.47 million in ETH, and 470 TRX (Tron) and various other cryptocurrencies. Among them, Tron became the first Chinese blockchain project included in its investment portfolio. Subsequently, WLFI increased its holdings in TRX several times.
