In a jaw-dropping twist, the $TRUMP token has skyrocketed—yes, soared by a staggering 85%—to a value of about $14.78. It’s now sitting pretty in the top 50 meme coins by market cap. Who would’ve thought? Just a day before, it had already jumped 16%.
But here’s the kicker: despite this dramatic rise, it’s still far from its glory days, when it was worth over $70. Talk about a rollercoaster.
Political drama? Oh, you bet. The $TRUMP token has ignited quite the controversy. Senator Ossoff is demanding action, claiming this token is a political circus act, not a legitimate investment. Critics are questioning the ethics of its launch tied to Trump himself. Is it a collectible? An asset? Or just a publicity stunt?
Political drama is swirling around the $TRUMP token, with critics calling it a circus act rather than a serious investment.
The unsettling truth is that a huge chunk of the supply is held by folks close to Trump, which raises eyebrows about centralization. Investors are feeling the heat from all this political noise.
Let’s dig into the numbers. Initially, 220 million tokens were minted, but plans to increase the supply to 1 billion are in the works. Recent release events dumped a whopping $320 million worth of tokens into circulation. Additionally, this supply increase is expected to influence future market value fluctuations, as another unlock is scheduled.
And guess what? Another release is coming soon, potentially adding 25.1% more. Buckle up, because this could shake things up further.
Once upon a time, the token’s market cap hit $5.5 billion, but now it’s tumbled to around $7.7 billion. Trump’s personal holdings took a nosedive, losing over 90% of their value recently. Ouch.
Investors are feeling the sting, with many losing big after that wild ride from peak to pit.
In the midst of this chaos, the $TRUMP token remains an intriguing player in the meme coin arena, but it’s a risky game. The market’s wild ride continues.
