The price of the Trump Mem-Coin collapsed by 75%

Large-scale drawdown in the crypto rope entered the fall of the Trump Mem-Coin, launched by Donald Trump on the eve of the inauguration. Despite the efforts of the president to promote the asset, the price fell 75% relative to the peak.

At the time of writing, the token is traded at $ 18, partially recovering after reaching a minimum of $ 15.86. Capitalization is $ 3.59 billion.

The historical maximum price of Trump was recorded on January 21 at $ 48.59.

The meme-coin of the wife of President Melania Trump Melania, launched shortly after Trump, continued the fall. At the time of writing, the price is about $ 1.42 – 90% lower than ATH $ 15.5.

Against the backdrop of negative trends in the market, cryptocurrency investments by the World Liberty Financial (WLFI) company fell into 21%.

According to Reuters sources, in two weeks of trading Trump generated from $ 80 million to $ 100 million commissions. At least 50 largest buyers have earned over $ 10 million each. About 200,000 wallets lost money on transactions with a meme-coin.

In January, Trump Media & Technology Group (TMTG)-the operator of the social network Truth Social-announced plans to invest $ 250 million in exchange funds, cryptocurrency shares and digital assets.

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Source: Cryptocurrency

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