Trump’s Meme Coin TRUMP Plummets After President’s Promotion: A Closer Look
Following President Donald Trump’s social media promotion, the meme coin associated with him, TRUMP, has experienced a staggering 70 drop. This decline is exacerbated by a dramatic 90 decrease in trading volume since the announcement. Traders have to question whether the initial hype surrounding this Solana-based coin can sustain itself in light of this downturn. Understanding market reactions to celebrity endorsements is critical for investors. This case serves as a reminder of the volatility inherent in meme coins and highlights the need for cautious trading strategies.