Donald Trump's memecoin, launched just before his inauguration, has faced heavy criticism, particularly from the crypto community, for potentially undermining crypto reform efforts. Since taking office, the $TRUMP coin's value has plummeted by over 75%, dropping from an all-time high of $75.35 to around $16.63. Similar losses were seen in Melania Trump's $MELANIA coin, which fell 88%. The decline is attributed to market reactions to Trump's tariff threats and a broader downturn in cryptocurrency values, signaling concerns for the memecoin market as a whole.
The $TRUMP token has seen a significant decline, dropping over 75% from its all-time high of $75.35 due to criticism and external market pressures.
Both Trump's memecoin and Melania Trump's $MELANIA coin have suffered staggering losses, reflecting a broader sell-off of memecoins and concerns in the cryptocurrency market.
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