Trump Meme Coin Plummets 42% in Just One Week What Are the Implications
The Trump (CRYPTO: TRUMP) meme coin has sharply dropped by 42.6% in the last week. This decline follows Donald Trump’s recent tariff announcement, marking a reversal for this popular meme cryptocurrency. What happened? Insights from Lookonchain reveal that a whale, who had made $11.8 million in TRUMP gains back in mid-January, reinvested this profit. Unfortunately, this move turned against him, leading to considerable losses. This sudden fall raises questions about the volatility of meme coins and their reliance on external events. Market participants should stay cautious as the implications unfold.
