MEMECOIN TRUMP LOSES GROUND AFTER EXPLOSIVE GROWTH IN VALUE

CoinGecko's analyst reported that over the past seven days, from April 23 to April 29, the spot trading volume of the TRUMP token on major cryptocurrency exchanges increased by hundreds and thousands of percent: on Coinbase - by 355%, on Kraken - by 1040%, on Bitstamp - by 7974%, on Binance - by 554%, on OKX - by 590%, on Bybit - by 688%.

Analysts from the observer note that the surge in the price of the meme coin had no fundamental basis, but was provoked by hype and a massive advertising campaign, which announced an upcoming gala dinner with Trump on May 22, surrounded by 220 largest TRUMP holders. Of these, the 25 largest holders are to receive a 'VIP meeting' and a 'special tour of the presidential residence'.

The advertising campaign led to a 60% increase in the price of the TRUMP token over the week, and the project's market capitalization increased from $1.6 billion to over $3 billion. However, by April 29, TRUMP became the leader in decline among the top 100 digital assets, losing 9.6% of its value in one day, with a price of about $13.8 and a capitalization of $2.7 billion.