The much-hyped TRUMP memecoin, launched with fanfare by former President Donald Trump, has taken a significant hit. After peaking at an all-time high of $75.08 on January 19, its value has dropped over 60%, currently trading at $25.58. Despite its steep decline, the TRUMP memecoin remains the talk of the cryptocurrency world, with investors debating its future trajectory.
Launched just two days before Trump’s inauguration, the memecoin skyrocketed to a multi-billion-dollar market cap within hours. It quickly became one of the most actively traded crypto assets, attracting thousands of traders eager to capitalize on its momentum. However, the bubble appears to have deflated, leaving the token struggling to regain its former glory.
According to data from DEXScreener, TRUMP has a market cap of $5.15 billion and a fully diluted valuation (FDV) of $25.81 billion, while liquidity remains thin at $4.5 million. The memecoin is down 17% in the last 24 hours, raising questions about its long-term viability.
Despite the downturn, some investors remain optimistic. On-chain research platform StalkChain revealed that TRUMP was the most purchased token by “Smart Money” in the past day. This renewed interest could indicate speculative buying in anticipation of a potential endorsement or announcement from Trump himself. Additionally, the buy-to-sell ratio for TRUMP is positive, suggesting a glimmer of hope for bullish traders.
$TRUMP is the most bought token by smart money in the last 24 hours pic.twitter.com/JW03gkxxRX
— Stalkchain (@StalkHQ) January 25, 2025
Analysts, however, remain divided. While a high-profile mention from Trump could trigger another price surge, many believe the memecoin’s hype has already peaked. Historically, most memecoins experience a short-lived rise followed by a steady decline. Still, TRUMP’s unique backing by a former U.S. president and its rapid climb to billions in market cap could make it an exception.
Also Read: Crypto Market Takes a Dip: Bitcoin Stays Strong at $101K, TRUMP Coin Faces Sharp Decline
As investors await further developments, the fate of TRUMP hangs in the balance, embodying both the volatility and allure of the memecoin market.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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