The price of bitcoin and the daily trading volume have both dropped significantly in recent weeks. The price and daily trading volume have fallen significantly in recent days. Official Trump (TRUMPSome of the holders may be growing Tired of “winning.”
TRUMP trading volume is on the decline despite listings by popular trading platforms like Binance and Coinbase. On January 20th, the meme coin’s trading volume was $36 billion. However, that figure fell 90% on Wednesday to $3.5 Billion.
The current price of the coin is $26,80. That's down 64% from the peak, and remains close to the lowest price registered since Trump's inauguration.
Due to the fact that centralized exchanges rarely keep funds separate across wallets and accounts, it is difficult to determine how TRUMP’s distribution changed over its first two-weeks.
Still, DEX Screener reports that the total number of TRUMP on-chain holders was 691,300 by Thursday. Dune reports that on Trump’s first day, the figure was 18% more. dashboard, suggesting that one in five wallets—or 125,000 wallets—have since cashed in.
After its launch, the Trump meme coin rocketed up to a total market capitalization of $14.5 Billion in less than three days, beating out crypto giants such as Shiba inu It was done with ease. This coin was quickly surpassed only by by the market capital as the second largest meme. Dogecoin.
Two days later, the launch of Melania’s meme coin spooked an emerging TRUMP market. The asset’s value plummeted 44% within one hour. TRUMP’s token price is still below its $73.43 peak, as traders seem to have moved away.
The cryptosphere briefly viewed Trump’s meme coin as an event more significant than Trump-branded NFTs Or a DeFi protocol That he is an advisor. The first-time meme coin buyers were a large number of people. This was viewed by many as an event to welcome them into the industry.
Chainalysis, a blockchain analytics company, has shared data that supports this theory. The theory is supported by Chainalysis, a blockchain-based analytics company. You can post a comment below. On X (formerly Twitter), the company said “these are largely new retail buyers.” Chainalysis found that 50% of wallets containing TRUMP tokens and the meme coins of first lady were the first to purchase a Solana coin, whereas 46% had created their wallet on the day of purchasing the token.
TRUMP has many ardent fans online, even though its trading volume is down significantly from the initial frenzied surge.
I’m still holding on to my Trump bag.
This one will definitely make another run. pic.twitter.com/g9sRvbDgZm
— Michael Winwolf (@InstinctCrypto) January 30, 2025
Trump’s platform for social media, Truth Social, has seen a vocal user push back against calling the meme coin created by Trump ‘the president’s’. “just another ‘pump and dump,'” arguing It should be viewed as a whole “history in the making” The following are some examples of how to get started: “the beginning of the golden age.”
The platform’s members got a head start when it came to TRUMP's debut. Truth Social promoted the meme. 45 Minutes Then, The X coin is its counterpart. This delay also led to initial doubts among Crypto Twitter diehards about the legitimacy of the coin.
Can devs help? pic.twitter.com/vYsJiPtBgC
— the dude (@cryptodude999) January 30, 2025
Some users of X have been caught up in the heat and the moment. Described The launch of TRUMP as a paradigm shift. Other X-users are now looking at TRUMP charts. There are many ways to get revenge. The crypto community’s eternal plea “Can the devs do something?”
It’s good to see that the TRUMP Token is being used more by the President himself, who has a large licensed merchandise business. On Thursday, GetTrumpWatches.com, GetTrumpFragrances.com, and GetTrumpSneakers.com were among vendors of official merchandise that Start accepting TRUMP is paying for the payments.
Andrew Hayward is the editor
