Even Trump’s advertisement couldn’t save the token; TRUMP’s decline intensifies! The official Trump token, developed on the Solana (SOL) platform, faced intense selling pressure after a post by Donald Trump on the Truth Social platform. Market data shows a 13% drop in the token’s price in the past 24 hours, falling below $20. Additionally, on the weekly chart, the token has dropped over 33% and 70% from its $75 all-time high. Despite the price drop, daily trading volume for the Trump token has surged by 65% to over $3.4 billion. Analysis also indicates a 13% decrease in profits index and an increase in liquidation positions by over $15 million in the past 24 hours. After hitting a daily low of $18.75, the token has slightly recovered and is now trading around $20. Some market analysts see this price drop as a buying opportunity. Captain Faibik, a prominent analyst, mentioned buying the Trump token during this price drop, anticipating a strong rebound. Edward Morra, another analyst, stated that the coin’s price has returned from the $20 support level, and he has entered a buying position in this range. With a 70% drop from its all-time high, Trump tried to strengthen the price through advertising on his social network. However, some crypto industry players criticized Trump’s actions. Anthony Scaramucci, founder of SkyBridge Capital, stated that Trump’s post resulted in an accelerated decline, causing a 70% drop from its peak. The official Trump token lost its third position among meme coins and dropped to fourth place due to this recent plunge. Overall, the global crypto market is under pressure today due to new Trump trade tariffs that may lead to further market decline. Visit the live digital currency price page to track all token and cryptocurrency prices in real-time.
