During a widespread drop in the cryptocurrency market, the Trump-linked meme coin saw a drop of more than 15% in value compared to the U.S. dollar on Thursday. This decrease occurred before the token’s first major release, which is set for April 18th.
The price of the Trump meme coin fell by over 15% versus the U.S. dollar on Thursday amid a general downturn in the crypto market. This drop happened ahead of the token’s first significant distribution, which is planned for April 18th.
TRUMP Token Stumbles, Now 87% Off-Peak
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 bitcoin.com/trumps-tariffs-target-global-cheating-as-btc-dips-and-stocks-slide-after-hours/”>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.
For those holding TRUMP tokens, the situation might become even more challenging as a significant release is approaching. On April 18, approximately 40 million TRUMP tokens are scheduled to be freed from their vesting plan. Given the current market value, this batch could potentially amount to around $360 million. In contrast, MELANIA has only decreased by 5% today, but it is still 95.7% below its maximum value.
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2025-04-03 20:01