Former President Donald Trump, the man who’s turned everything he’s touched into gold (or at least, into a reality TV show), has now set his sights on the crypto world with his very own meme coin, the Official Trump TRUMP.
Despite the broader market rallying, the TRUMP coin has seen better days, dropping 6% in the past 24 hours and currently trading at $16.96. But fear not, dear readers! Trump’s team has still managed to rake in a whopping $802 million since the coin’s launch on January 18th.
According to Coinbase director Conor Grogan, Trump’s team has sent a staggering $482 million in USDC stablecoin, Solana, and TRUMP to leading cryptocurrency exchanges, suggesting a possible sale. But, as they say, “A smooth sea never made a skilled sailor,” and it seems that Trump’s team is still holding onto a significant portion of the TRUMP meme coins.
And while the TRUMP token may be trading at a discount of 77.22% to its all-time high, it’s important to remember that “Every cloud has a silver lining.” In this case, the silver lining is the $29.3 million in fees that Trump’s team has generated alone.
So, as we wait for the TRUMP token to hit oversold levels and retest $17.16 as a level of support, let us all take a moment to appreciate the rollercoaster of fortunes that is Trump’s TRUMP coin.
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2025-02-04 15:21