$TRUMP
🚨 Trump Coin Price Crashes 6% Today Despite $300M GDC Investment 🚨
After gaining a bullish momentum earlier in the week, the Trump coin price hit $15 due to the Trump dinner event on May 22. However, the momentum did not last long, resulting in its crash. With a 6% decline in the last 24 hours, the TRUMP trades at $12.89 due to a massive decline of 24% in its trading volume to $1.04B, showcasing declining investor activity.
On analyzing the Trump memecoin price chart, it is clear that the drop is due to its failure to hold the breakout from the descending triangle pattern. RSI, MACD, and other technical indicators further confirm the investors’ declining confidence.
According to CoinGape, the GD Culture (GDC) Group plans a $300M investment in Bitcoin and TRUMP memecoin. Despite the GDC Group investment news, the token failed to surge further.