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Cryptocurrency News Articles

TRUMP Token Stumbles, Now 87% Off-Peak

Apr 04, 2025 at 12:29 am

Amid a sweeping downturn across the crypto sector, the official TRUMP meme coin relinquished over 15% of its value against the U.S. dollar on Thursday.

TRUMP Token Stumbles, Now 87% Off-Peak

Amid a sweeping downturn across the crypto sector, the official TRUMP meme coin relinquished over 15% of its value against the U.S. dollar on Thursday. This decline precedes the token’s first significant unlock, scheduled for April 18.

On April 3, U.S. President Donald Trump’s meme coin, known as official TRUMP, faltered with a 15.6% drop against the greenback within 24 hours. The move trails Trump’s latest tariff announcement, which rattled digital asset markets and delivered a sharp blow to major Wall Street indices. Bitcoin ( BTC) dipped to a daily low of $81,200 today, marking a 6% decline against the U.S. dollar.

Trump’s meme coin is currently priced at $9.02 to $8.97 per token over the last hour, reflecting a 20.4% decline over the past week and a 26.9% drop in the last 30 days. With a market capitalization of $1.78 billion, it is teetering on the edge of the top 50, ranking 44th at the time of writing. The coin now sits 87.8% below its all-time high of $73.43, recorded on Jan. 19, 2025. Trading activity has thinned notably, with TRUMP posting $981 million in global volume today.

As if recent price action hasn’t been punishing enough for TRUMP holders, the token could face further downward pressure with an impending unlock. On April 18—just fifteen days away—40 million TRUMP tokens are set to be released from their vesting schedule. At current valuations, the batch carries an estimated worth of $360 million. MELANIA, by comparison, is down just 5% today, though it remains 95.7% below its peak.

Original source:bitcoin

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