The official Trump meme coin, launched by US President Donald Trump, has seen an impressive increase in price but is now facing a significant decline. After Trump introduced the coin on X (formerly Twitter) on January 18, it soared from $4 to $76.67. However, as Trump began his inauguration speech on January 20, the coin failed to hold its crucial support at $40 and is now expected to fall further to $30. The market sentiment suggests that investors are likely profit-booking, leading to a decline in the coin's price by over 38% in the past 24 hours. Traders and investors are increasingly participating in the coin's trading volume.



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