Why TRUMP Coin Is Dropping?

The TRUMP coin has been experiencing significant price drops due to several factors:

- *Melania Trump's MELANIA Token Launch*: The launch of Melania Trump's meme token, MELANIA, caused a 40% drop in TRUMP's value, wiping out $6 billion from its market cap. The sudden launch and market disruption raised questions about the legitimacy of the MELANIA token.

- *Profit-Taking by Whales*: On-chain data shows that profitable TRUMP token traders have dumped their tokens, contributing to the price drop. For example, one trader made $59 million and cashed out $44 million.

- *Lack of Crypto Mention by Donald Trump*: Trump's inaugural speech didn't mention crypto, and no crypto-related executive order was signed, leading to investor uncertainty and selling pressure.

- *Market Volatility*: The broader crypto market decline, including Bitcoin's drop from $109,200 to $102,000, also impacted TRUMP's price.

*Current Price and Market Cap* ¹:

- *Price*: $12.87 (down 8.54% in 24 hours)

- *Market Cap*: $2.57 billion

*Tags*: #TRUMPcoin #MemeCoin #Cryptocurrency #MarketVolatility #PolitiFi #MelaniaTrump #DonaldTrumpscrypto