- TRUMP meme coin plummeted 40% due to massive whale sell-offs.
- Broader meme coin market suffered losses, increasing investor fears.
- Analysts warn of risks while awaiting Trump’s promised crypto reforms.
TRUMP coin has crashed, dropping 40.88% in just 24 hours. This sharp fall has erased earlier gains, leaving investors on edge. The plunge followed Donald Trump’s presidential inauguration, an event that had sparked hopes for a market boost. Now, fear and uncertainty dominate discussions about the token’s future.
Whale Activity Creates Market Panic
Massive whale transactions have shaken confidence in the The new token. A notable sale involved Ansem, a well-known crypto whale, who offloaded 194,799 TRUMP tokens for $6.83 million. The sale caused a $2.55 million loss for Ansem, who originally purchased the tokens for $9.38 million at $48.14 each but sold them for $35.04. The broader meme coin market has also taken a hit. MELANIA fell by 62.7%, while BONK dropped 1.7%, and WIF declined by 5.4%. Allegations of a pump-and-dump scheme involving Cuba, which reportedly drained $158 million, have added to growing concerns.
Divided Opinions on TRUMP Token’s Future
Some analysts view this price drop as a buying opportunity, while others urge caution. Crypto expert Balaji Srinivasan warned that every buy order in such tokens triggers immediate sell-offs, creating a cycle of decline. He emphasized the importance of investing in assets with real-world value. Investor Mark Cuban dismissed the TRUMP token as a self-serving project.
Cuban described the coin’s creation as a speculative game designed to benefit a select few. President Trump’s promises of crypto-friendly reforms have sparked some optimism. The recent Coinbase listing of the TRUMP token has also provided a glimmer of hope. However, the market awaits concrete actions and clearer regulations during Trump’s first 100 days.
The post Fear Mounts as TRUMP Meme Coin Tumbles 40% appeared first on Cryptonewsland.
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