The Official Trump meme coin reached an all-time high of $75.35 shortly after its launch on January 17, 2025. However, its value has since plummeted by almost 74%, with the coin now trading at approximately $19.38 as of February 1. The coin's market capitalization remains substantial at around $2 billion, with 80% of the tokens held by Trump Organization affiliates. Anthony Scaramucci, founder of SkyBridge Capital and a former Trump ally, accuses President Trump of engaging in a pump-and-dump scheme by promoting the coin on Truth Social. Scaramucci and other Wall Street professionals have expressed concerns about the impact of Trump's embrace of digital coins, suggesting that it could fuel speculative frenzy and potentially cause havoc in the market.



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