$TRUMP The price of the president’s coin has risen sharply but is still below its peak of $75 before his inauguration.
The launch of coins for Donald Trump and Melania has led to accusations of “shameful” conflicts of interest.
The price jump on Wednesday came as investors expected a process allowing insiders to cash out, which typically causes a price drop, but a delay of 90 days was announced.
Meme coins have no real value and often decline after initial rallies. Trump, once skeptical of cryptocurrency, now supports it and has hired David Sacks to manage AI and crypto efforts.
Meme coins drive on the market hype and statements like this cause sudden rise but then sudden fall also Imminent.
Investor keep selling as the price going higher. Value of holding is almost none for long term.
Be Careful when trade with meme coins.