Donald Trump seems to think his memecoin, TRUMP, reflects his public support. He even shared an article suggesting it's a gauge of political momentum! ๐ฎ
But here's the kicker: the token's price is down 85% from its peak. Ouch! ๐ A massive $520 million token unlock is scheduled for July, which could trigger further price drops. ๐ฌ
Trump's son, Eric, tried to boost confidence via World Liberty Financial, planning to buy a "substantial amount" of TRUMP tokens, but the market barely reacted. Not a great sign, right? ๐ค
Animoca Brands co-founder Yat Siu thinks memecoins can reflect broader political sentiment, but the TRUMP token's performance might tell a different story. What do you think of this?
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