$TRUMP Meme Coin crashes 85%! Peter Schiff warns more Americans will lose money in crypto than ever before
The $TRUMP meme coin has suffered a massive decline, plunging 85% from its peak, fueling concerns over speculative investments in the crypto market. As of 10:21 am IST on Friday, the token was trading 2.3% lower at $11.07, a steep drop from its all-time high of $75.35, recorded on January 19, 2025.
Prominent economist and Bitcoin critic Peter Schiff took to social media to warn that more Americans will lose money in crypto than ever before, linking the losses to the growing influence of U.S. President Donald Trump in the digital asset space. Schiff specifically criticized the Strategic Bitcoin Reserve and the overall crypto industry, alleging that they are being used to lure retail investors into highly speculative investments.
