TRUMP Coin Down 85% – Is a Bigger Collapse Coming?

The official meme of US President Donald Trump’s TRUMP coin is hovering precariously above $10 per token, down 85% from its post-launch peaks and eyeing a fresh price crash as the broader crypto market swoons.

The widely criticized Solana meme coin , which has reportedly cost investors over $2 billion in losses per on-chain analysis, has been in a strong downtrend since topping out just ahead of the Trump inauguration in January.

Part of that has been because, during this time, the meme coin market has undergone a severe correction. Some argue that it was the TRUMP coin launch that was the pin to pop the meme coin market bubble.

However, recent losses likely have more to do with a downturn in broader crypto market sentiment.

Growing recession fears as the US economy slows amid D.O.G.E. austerity and Trump trade wars have seen major cryptos like Bitcoin retreat from highs in recent sessions in tandem with a stock market crash.

And these fears are unlikely to subside any time soon. That means risks are strongly tilted to the downside for TRUMP coin, with a convincing break below $10 likely in the coming sessions.

Per CoinMarketCap , the TRUMP coin’s market cap was last around $2 billion. But if the recent pace of price decline continues, it may not be long until it loses its status as a billion-dollar meme coin.

Buy the TRUMP Coin Dip?

Once macro conditions improve, crypto markets should be set for a strong comeback later in the year.

Does that mean it’s worth accumulating TRUMP on the dip and could it stage a major rally later this year?

Well, the Trump brand is one of the strongest in the world, and will retain utmost relevance over the next four years during Trump’s term as President.

That said, there are many ethical concerns related to TRUMP coin that should make investors cautious about getting involved.

Firstly, the Trump family gifted themselves 80% of the supply which will slowly vest over the coming 3 years. That means a lot of inflation to keep the price under pressure.

Moreover, with so many investors left out of pocket by the coin, perhaps it will be tough for TRUMP coin to win back approval from retail investors in the future.

Potential insider trading that took place around the time of the TRUMP coin launch are also of concern – TRUMP buyers need to know they may be trading in a manipulated market.