Trump Coin Price Analysis!!!!
The official Trump memecoin, $TRUMP, increased more than 10% to 12.25 after Donald Trump posted about it on Truth Social. Data from crypto.news shows that the Trump token has passed 12, reaching a peak of $12.25. At the time of reporting, Trump was up over 9% in the last 24 hours and currently trades at $11.94. However, over the past month, the token has dropped by more than 26.4%.
The Trump memecoin's market cap has also increased after being mostly flat this month. Following Trump’s post, the Solana-based memecoin's market cap rose by 8.3% to $2.37 billion in one day.
In addition, $TRUMP's daily trading volume grew by more than 375.1%, showing increased market activity since Trump's Truth Social post.
On March 23, President Trump randomly shared a post on Truth Social supporting the token. Truth Social, owned by Trump Media & Technology Group, started in 2022. Trump often uses this platform to share updates on government policies and his views.
In this post, he expressed how excited he was about the Trump token, calling it the “greatest” of all time. He wrote, “I LOVE Trump— SO COOL!!! The Greatest of them all!!!”
Soon after Trump’s post, the token surged more than 10%, reaching a high of $12. Before this increase, the token had been struggling, only hitting around $10.
However, the spike didn’t last long, and the token fell below $12 after the excitement faded. During this drop, a major investor lost $207,000 after buying a large amount of Trump tokens for $5 million USDC and then selling them an hour later, according to on-chain data from Lookonchain.
This investor is known in the crypto community for previously making a profit of $108 million shortly after the Trump token was launched, purchasing 5.97 million $TRUMP for $1.09 million USDC.
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