The TRUMP coin price has dramatically decreased by 85%, adversely impacting investor sentiments in the meme coin sector. It reached peak values during Trump’s inauguration, but the decline has raised concerns regarding the sustainability and ethical implications of its launch.
Investor losses related to TRUMP coin are estimated to surpass 2 billion USD since its debut, primarily due to the coin’s failing market performance. The Trump family is reported to have earned over 100 million USD in trading fees from its operations.
The broader cryptocurrency market has also been affected by economic uncertainties and fears of a recession. Analysts speculate that the situation may worsen for TRUMP coin, with potential insider trading issues and future inflation of supply posing risks to recovery.