A market drop down has sent a Donald Trump Trump token in the past 24 hours, passing the summit losses to 75%.
Trump was issued a few days before Trump’s oath ceremony on January 20, when the very first same memecoin officially approved by an in office. Zero was held from zero to a market capitalization of $ 14 billion less than $ 48 hours after it was put online, although most retail merchants have lost money on the token, as shown a PK Press Club analysis.
Trump continues to approve the token on his social media platform, Truth Social, where he published “I Love $ Trump !!” In addition to a link to buy the token over the weekend.
However, the market responded with less enthusiasm than expected. Sunday morning, the Trump token dropped to a hollow of $ 19.09, its lowest since Trump’s return to the White House and a price below where it was listed on most major exchanges (about the $ 40 bar).
It is a brutal recall of volatility in the tokens even supported by celebrities, where even high -level endorsements can turn against economic policies and wider market trends.
As such, Trump’s fall is not isolated; He coincided with a broader drop in the market launched by Trump’s announcement of new trade rates against Canada and Mexico. Bitcoin (BTC) has dropped 6% in the last 24 hours, while XRP (XRP) and Dogecoin (DOGE) majors are down more than 25% in a steep drop that has reversed the December and December gains and January.
