A Spectacular Rise and Fall
Just weeks ago, Donald Trump’s meme coin, $TRUMP, skyrocketed to an all-time high of $75. The surge came as his supporters piled into the token, hoping to capitalize on a crypto market frenzy.
But the dream didn’t last long.
Today, the $TRUMP coin is valued at just $16.87, marking a staggering 77% decline from its peak. And judging by the current sentiment, the plunge might not be over yet.
Trump Distances Himself – Coin Craters
In classic Trump fashion, the former president quickly distanced himself from the coin.
I don’t know much about it other than I launched it,”
Trump casually told reporters last week.
That remark alone sent the token spiraling, with traders losing faith in its legitimacy. After all, a meme coin is only as strong as the hype behind it—and Trump’s apparent indifference delivered a major blow.
Investors Ignored the Red Flags
At its peak, the token boasted a $10 billion market capitalization, making it one of the largest meme coins in history. Even the $MELANIA meme coin—another Trump-adjacent digital asset—rode the wave of hype.
But experts were quick to sound the alarm.
Trump’s comments about not knowing much about the coin back up my opinion that he is making a mockery of the industry,” said Danny Scott, CEO of CoinCorner.
Trump Still Profits—Even as Prices Plunge
Despite the ongoing crash, Trump himself isn’t taking a loss.
According to reports, his entity, CIC Digital, extracted over $100 million in trading fees from the token’s massive trading volume. While regular investors suffer, Trump’s pockets are already lined with profits.
$TRUMP Coin Price Analysis – More Pain Ahead?
The technical indicators suggest more downside pressure for the meme coin:
- Support levels: $16.00, $14.50, and $10.00
- Resistance levels: $19.16, $22.66, and $24.69
- MACD: Trending bearish, signaling downward momentum.
- RSI (Relative Strength Index): At 35.07, nearing oversold territory, but no signs of a reversal yet.
- Volume: Selling pressure remains strong, with no clear sign of accumulation.
If the broader crypto market remains under pressure, $TRUMP could break below $16.00, putting $14.50 in play.
The Verdict: Just Another Meme Coin?
While the $TRUMP token initially benefited from hype and political fandom, the fundamentals never supported a long-term rally.
With Trump himself uninterested, trade wars shaking crypto confidence, and experts labelling it a gimmick, the coin’s future looks bleak.
And as history has shown, once a meme coin loses momentum, it’s nearly impossible to recover.
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