CandleFocus OFFICIAL TRUMP erases $2 billion from its market cap in a week
2025-01-31
Author: Content Editor
The Official Trump (TRUMP) memecoin has experienced a significant decline, losing $2 billion from its market cap in the past week. Despite initial excitement surrounding Donald Trump's return to office, the token has struggled to maintain its upward momentum. Currently priced at $25.39, the token has dropped 27.58% in the past week and 8.23% in the past 24 hours, erasing $500 million in value in a single day. The decline could be attributed to declining hype, technical weaknesses, and the fact that 80% of the total supply of TRUMP is controlled by a single wallet. However, if adoption for merchandise payments increases and Trump takes a more pro-crypto stance, there is potential for the token to recover.
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