The Official Trump (TRUMP) memecoin, which has been the most talked about topic of the last two days, experienced a sudden drop with the new development tonight.
The altcoin, which rose above $70 during the day, fell to $40 with the latest decline. So what was the reason for this decline? As is known, TRUMP was officially launched yesterday morning by Donald Trump. The altcoin, which enabled Trump’s wealth to increase fivefold at its peak, lost significant value minutes ago after Donald Trump’s wife Melania Trump launched a memecoin called MELANIA.
Chart showing the fluctuation in the price of TRUMP.
At first, it was thought that Melania Trump’s X and Truth Social accounts were hacked, but the tweets in question were also retweeted by Donald Trump’s official X account. MELANIA was also launched on the Solana network, similar to TRUMP. However, traders probably thought the seriousness of the situation was lost and dumped the TRUMP token.
According to the data, a trader who made a profit of $360 million from the TRUMP token has started selling his assets.
*This is not investment advice.
Read the full article here
