TRUMP Token Takedown: Were Insiders Planning This Collapse?

The official TRUMP token, designed to commemorate the second presidential term of U.S. President Donald Trump, became an instant hit upon launch. The token surged from under $10 on January 18 to a peak of $74.59 on January 20 before quickly giving up some gains within hours. Although the token remained competitive in the days following the presidential inauguration, trading above $30, it soon plummeted under pressure. TRUMP fell below $20 on February 2 and is currently trading at $10. Market analysts say the broader crypto market and TRUMP token are crashing. However, TRUMP’s downfall isn’t without controversy—10x Research revealed there was “Insider Activity” before the token’s sharp decline. While most traders lost billions during the collapse, a significant number of early investors made massive profits. Early Investors Cashed Out Before Major Exchange Listings According to 10x Research, most early investors cashed out right before major exchanges listed the token when its value soared past $60 and briefly hit $70. The rapid price surge was celebrated by early investors who had the best seats in the house. However, after the sharp rise, TRUMP experienced a massive decline. From a low of $20, it is now trading at $10, leaving small and retail traders with heavy losses. The losses associated with TRUMP’s price drop resemble previous crash cycles, including the 2021 NFT boom and bust. Looking at the bigger picture, TRUMP token has dropped over 80% from its peak in January last year. On-chain data shows early investors quickly liquidated their positions, while small and retail traders were left as pawns. Solana Chain Takes a Hit The Solana ecosystem was one of the biggest losers in this collapse. Alongside TRUMP, several other Solana-based tokens faced heavy selling pressure, including Raydium’s RAY token, which dropped 60% over the past month. Even Solana’s native token, SOL, fell by more than 40% during the same period. The decline in SOL-based tokens indicates waning interest in meme coins and speculative tokens. Pump.fun Also Sees Significant Changes Pump.fun, another leading meme coin platform, also witnessed a sharp decline in network activity. Over the past year, the platform handled 8.4 million meme coin launches, peaking in the days leading up to Trump’s inauguration. From Christmas season to early January, up to 1.7 million meme tokens were launched on Pump.fun. However, daily launches on the platform have since declined. Additionally, participation rates have dropped, reflecting reduced interest in this asset class. #CryptoForBeginners #CryptoInvestingTips #LearnCrypto #BeginnerCryptoGuide #HowToInvestInCrypto