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Cryptocurrency News Articles

TRUMP token designed to commemorate US President Donald Trump’s second term stole the show

Mar 14, 2025 at 02:07 pm

At its initial launch, the TRUMP token designed to commemorate US President Donald Trump’s second term stole the show. The value of the token soared from less than $10

At its initial launch, the TRUMP token designed to commemorate US President Donald Trump’s second term stole the show. The value of the token soared from less than $10 on January 18 to a peak of $74.59 on January 20, before experiencing a sharp decline within hours.

According to a report from 10x Research, there are strong indications that some early investors have been selling heavily before the token was listed on major exchanges. As the value of the token approached $60 and briefly touched $70, these investors managed to secure huge profits.

However, the TRUMP token price crash has not only left some parties with success stories, but also huge losses for small and retail traders. The losses associated with the TRUMP token price drop are reminiscent of previous bearish cycles, including the NFT boom and bust in 2021.

Within a week, the value of the TRUMP token plummeled by more than 80% from its January peak. On-chain data shows that early investors quickly liquidated their positions, often at the expense of small and retail traders as pawns in this game.

Also Read: Dogecoin price heading towards $3, is a parabolic rise waiting? Here’s what analyst Ali Martinez has to say!

The decline in the Solana Raydium (NYSE:RAYL) suggests that interest in meme coins or speculative tokens is waning. This marks a significant change in the dynamics of the crypto market, where investors are becoming more cautious about taking risks on highly volatile and speculative assets.

Pump.fun, the leading meme coin launch platform, also saw a dramatic drop in activity. From the Christmas season to early January, the platform launched up to 1.7 million meme tokens. However, after a peak of activity a few days before Trump’s inauguration, the number of daily launches on Pump.fun dropped sharply.

The decline in participation on Pump.fun reflects the declining interest in this asset class. This could be an important indicator for market participants to re-evaluate their investment strategies in crypto, particularly meme coins that are often not based on strong fundamentals.

The TRUMP token crash provides an important lesson about volatility and risk in the crypto market. Investors and traders should be more aware of potential market manipulation and consider the risks before investing in new crypto assets. This incident also highlights the importance of transparency and stricter regulation in the crypto industry to protect the interests of small investors.

Also Read: Pi Network Price Predictions to 2050: What to Expect?

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Other articles published on Mar 17, 2025