After a significant surge earlier this week, the $TRUMP meme coin has experienced a notable pullback. Following the announcement of an exclusive dinner event with former President Donald Trump, the token's price skyrocketed over 60%, reaching a high of $14.70. However, this momentum was short-lived, as the price declined by approximately 25% to around $12.30 in early trading on Thursday.
Analysts attribute this decline to profit-taking by investors who capitalized on the initial hype. Despite the pullback, the $TRUMP coin remains a topic of interest in the crypto community, with discussions ongoing about its long-term viability and the implications of intertwining political figures with cryptocurrency ventures.
As of now, the TRUMP coin is trading at approximately $11.95.