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What the Trump token means for the crypto industry

The TRUMP token has created significant excitement and skepticism within the crypto community. After its launch, the token’s price skyrocketed over 1,100%, reaching a market cap of about 10 billion USD. Yet, only 10% is available for public distribution, which raises questions about its long-term viability.

The market dynamics shifted sharply when Melania Trump announced her own token, causing TRUMP’s price to drop by 46%. Experts highlight the risks associated with a presidential figure endorsing such speculative assets, emphasizing concerns over market volatility and the implications for the broader crypto landscape.

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