TRUMP meme coin plummets by 75%

The meme cryptocurrency TRUMP, launched on the eve of Donald Trump' s inauguration, has fallen by 75% from its historical high due to a massive drop in the cryptocurrency market.

At the time of writing, the token is trading at $ 18, having partially recovered from a low of $ 15.86. Its market capitalization is $ 3.59 billion, although it reached a peak price of $ 48.59 on January 21, 2025.

The MELANIA meme-coin, issued in honor of Melania Trump, also saw a sharp depreciation. Its value fell to $ 1.42, which is 90% less than the historical high of $ 15.5.

The total cryptocurrency assets of World Liberty Financial (WLFI), a company associated with the Trump family, decreased in value by 21%. At the same time, commissions from TRUMP trading brought in $ 80−100 million, and the 50 largest buyers earned more than $ 10 million each, while more than 200,000 investors suffered losses.

Despite the drop, Trump Media & Technology Group (TMTG) had previously announced an investment of $ 250 million in crypto funds, blockchain shares, and digital assets. This indicates that Trump is continuing to expand into the cryptocurrency sphere, even amid negative market trends.

Earlier, we reported that American pastor Lorenzo Sewell, who read a prayer at the inauguration of new US President Donald Trump, created a cryptocurrency that promised to be a new breakthrough in the world of meme coins. However, the value of the token dropped by almost 100% in a short time, causing significant losses to investors.