TRUMP meme coin outperforms top crypto assets in terms of daily value growth

The Official TRUMP memecoin (TRUMP) rose by 4.27% over the past day, reaching $ 18.50, and its market capitalization amounted to $ 3.7 billion. Nevertheless, the virtual coin remains in the range of 75.36% below its historical maximum. The meme token peaked at $ 75.35 on January 19.

The sharp drop in value came after high market volatility, when TRUMP lost 42% of its value over the past week. Launched by CIC Digital, a group associated with Donald Trump’s election campaign, the token reached a capitalization of $ 75 billion in a matter of days after its launch. However, its rapid rise has been accompanied by significant fluctuations, especially amid market uncertainty and Trump’s recent customs initiatives.

Nevertheless, TRUMP retains its position among the leading meme coins, although it has dropped in the market capitalization ranking from 14th to 32nd place. It has outpaced Bitcoin BTC $96,316.91 Bitcoin -0.15% Market capitalization $1.91 trillion VOL. 24 hours $0.98 billion , Ethereum ETH $2,788.16 Bridged Ether (StarkGate) 3.75% Market capitalization $0.24 billion VOL. 24 hours $1.18 billion , and Dogecoin DOGE $0.03 Department Of Government Efficiency 0.01% Market capitalization $30.32 million VOL. 24 hours $98.49 million in terms of value growth over the past day, second only to the FTX (FTT) token.

TRUMP has also begun to be used in real-world payments. Some online stores and travel services, such as Travala, accept it as a payment via Solana Pay. At the same time, the control of a significant portion of the tokens by CIC Digital insiders raises concerns about possible manipulation and price volatility.