Excluding dollar-pegged stablecoins, nearly every major cryptocurrency ranked in the top 100 coins by market cap is up over the last day, per data from CoinGecko, with few exceptions—and one of them is President Donald Trump's official Solana meme coin, TRUMP.
While major coins like Bitcoin, Dogecoin, Solana, and XRP are showing gains over the last 24 hours following a volatile week amid Trump's own post-inauguration regulatory barrage, the commander in chief's official coin is still in the red.
TRUMP’s price is currently down almost 4% on the day according to CoinGecko. The current value of the token, which stands at $34, remains 54 % below the high point above $73 reached last weekend shortly after the Solana Token dropped.
His wife Melania's token, MELANIA, has risen nearly 3% on the day to a current price of $2.67. But it's a much smaller coin than TRUMP by market cap—about $400 million compared to TRUMP's $6.8 billion—and sits outside even the top 200 coins ranked by market cap.
TRUMP has been highly volatile during its week of existence, with demand ebbing and flowing, though its dip over the last day may also be tied in part to U.S. lawmakers—including crypto critic Senator Elizabeth Warren—urging regulators Thursday to scrutinize the president's meme coin.
Bitcoin is still at the top, with a price of $105,183. Bitcoin’s Thursday rally around the national reserve has been maintained. Bitcoin was up more than 3 percent in one day. Dogecoin (XRP) and XRP both have a daily gain of about 4%, while Ethereum is up nearly 6%. Solana has a jump over 8%.
Data from CoinGlass shows that cryptoliquidations have totaled about $333 millions in the past 24 hours, and Bitcoin is the leader with approximately $115million. Overall, the long and short positions aren't too far apart in the broader mix, with about $179 million in longs purged alongside $154 million in shorts.