$TRUMP
🚨 Why Did the Trump Coin Price Decline? 🚨
The final 220 candidates for the Trump dinner have been selected, resulting in the drop. This is because the hype was building due to the buying of the tokens to be selected, but that’s not the case anymore. Interestingly, the report reveals that nearly $150 million worth of tokens are in the holdings of these 220 candidates.
Besides, the GDC $300M investment also brought mixed reactions from investors, as the experts revealed its low market cap of $34M with $2.7K equity is not a favorable deal.
Furthermore, there’s also negative news around Donald Trump’s crypto venture, World Liberty Financial. The House Democrats demand SARs on WLFI under allegations of bribery, market manipulation, and more. They have raised issues with the Trump dinner, citing financial law violations.
Interestingly, the Coinglass report states that the long positions are higher than the short, but the open interest has declined, revealing that investors are avoiding new trades. As a result, there’s the possibility of further consolidation.
If the selling pressure continues, it could drop to $10. However, if the buyers’ dominance increased, the coin could rebound above $16 or higher, per Trump coin price predictions.