Analysts’ Take on TRUMP Token’s Wild Ride: From $75 to $30 📉
The $TRUMP meme coin, launched by former U.S. President Donald Trump via his Truth Social platform, experienced a meteoric rise, hitting $75 within a day after its debut. Despite its initial success, the price has dropped, with the token falling below the $30 mark.
This ascent was largely driven by a promotional campaign encouraging supporters to claim tokens through GetTrumpMemes.com, contributing to its swift popularity. However, the hype quickly diminished, causing the token to lose a significant portion of its value.
Analysts are now examining the factors behind the rise and fall, considering market dynamics and investor sentiment impacting $TRUMP's trajectory.
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