TrumpCoin Price Prediction Amid Speculation That DJT Is A Fake Trump Token

The TrumpCoin price is trading with a bearish bias, consolidating within a descending parallel channel. Based on the outlook, the DJT bulls are pushing

The TrumpCoin (DJT) price plunged 55% in the past 24 hours to trade for $0.01212 as of 03:06 a.m. EST.

The STRUMP token is trending high after Martin Martin Shkreli claimed he had co-created DJT with Donald Trump’s son, Baron.

Shkreli and his associates reportedly shilled the meme coin before dumping their insider holdings in 24 hours. Earlier, reports had said the token was backed by Donald Trump himself.

Shkreli, the infamous “Pharma Bro” who spent years in prison for financial crimes, hopped on X spaces to tell the world he is the creator of $DJT.

He was convicted in 2017 in federal court on two counts of securities fraud and one count of conspiracy. He received a 7-year sentence and over $70 million in fines.

Under mounting duress, Martin Shkreli admits that $DJT is his project in a space this evening. Martin was sentenced to prison under President Trump’s watch. President Trump had this to say about Martin at the time:(See video below)“He looks like a spoiled brat. I thought it… pic.twitter.com/AnnwqT3hK5

— Steven Steele (@MrStevenSteele) June 19, t2024

Trump had this to say about Martin at the time, “He looks like a spoiled brat. I thought it was a disgrace.”

🚨 Martin Shkreli was in 2017 convicted in federal court on two counts of securities fraud and one count of conspiracy, sentenced to 7 years in prison and over $70M in fines.

⚠️ He is now the creator of $DJT on Solana !!!!@MagaHAT_ETH is the movement for the people, not these… pic.twitter.com/yCFUnOgC8U

— WhaleFUD (@WhaleFUD) June 19, 2024

The TrumpCoin Price Prediction Amid Speculation That DJT Is A Fake Trump Token

The TrumpCoin price is trading with a bearish bias, consolidating within a descending parallel channel. Based on the outlook, the DJT bulls are pushing to defend the $0.01169 support level. However, the bears have control and the token could slide lower.

If the aforementioned support level breaks, the TrumpCoin price could extend the fall to record a new range low. The dire case would be a retest of the $0.00500 psychological level, nearly 60% below current levels.

GeckoTerminal: DJT/USD 15-min chart

On the other hand, if bulls seize the opportunity to buy the dip, the TrumpCoin price could recover. Nevertheless, DJT would only become attractive to buy above the $0.02939 threshold, 150% above current levels.

Meanwhile, the new Solana meme coin Sealana (SEAL) has surged past $5 million in funds raised in its ICO and is now offering investors a last chance to buy before its presale closes in about six days.

YouTube channel 99Bitcoins, with more than 700k subscribers, says SEAL has 100X potential after launch.

A Promising Alternative To TrumpCoin

SEAL powers the Sealana ecosystem. Its character is based on a chubby seal that is fully immersed in the Solana Sea. Once sleek and agile, Sealana is so absorbed in Degen trades that he abandons the initial figure of his youth for a diet of chips and tinned tuna.

Ready to $SEAL up like #Sealana? 🦭💥

Now, here's the way y'all do it!

Being Bullish on #Memecoins 💸

#Hodling Strong 💪

Driving Lambos 🚗

Fast Food Diet 🍔🍟

Massive Gains 📈

Embracing the Second Amendment 🇺🇸

Sending $SOL 🚀🦭 pic.twitter.com/ozmKVFEggR

— Sealana (@Sealana_Token) May 24, 2024

Such a quirky concept and its play on American culture has struck a chord with the crypto community.

The success of previous Solana meme coins like Slothana (SLOTH), which raised $15 million in its presale in just over four weeks, sets a promising precedent for Sealana.

Sleepy Joe's speech 'bout raisin' fuel 🛢️taxes and turning trucks electric ain't go down well at $SEAL Truck Fest! 😡🇺🇸

Sealana and his buddies are ready to take matters into their own hands and make sure those god damned liberals stick their hairdryer cars where the sun… pic.twitter.com/0BDlaomsEZ

— Sealana (@Sealana_Token) June 1