Trump Coin ($TRUMP) Plunges 85% Despite Trump's Crypto Stance
The Official Trump Coin ($TRUMP), a meme cryptocurrency capitalizing on former U.S. President Donald Trump's influence, has seen a rollercoaster ride since its launch in January 2025. Initially boosted by Trump's pro-cryptocurrency stance, the coin's value has since plummeted, sparking investor concerns about its future.
Launched just days before Trump's inauguration, $TRUMP initially surged to an all-time high of $75.35, driven by Trump's 'advocacy' for digital asset reforms. However, the coin's value has since crashed by over 85%, trading at $7.61 and struggling to maintain momentum above the $7.00-$7.15 support band.
Behind the coin is World Liberty Financial, majority-owned by the Trump family, with Donald Trump, Eric Trump, and Donald Trump Jr. actively involved. Despite the initial hype, market sentiment shifted, and questions arose about the legitimacy of a 'President-owned Meme coin'. Unlike mineable cryptocurrencies, $TRUMP is not mineable and can be traded on centralized exchanges like Binance and Coinbase. Analysts predict its price could reach a maximum of $50 to $60 by 2030.
The Official Trump Coin's journey has been tumultuous, with its value fluctuating dramatically since launch. While it initially benefited from Trump's influence, shifting market sentiment and legitimacy concerns have led to a significant price drop. Despite this, analysts foresee a potential price increase to $50-$60 by 2030, suggesting there's still room for the coin's trajectory to change.
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