TRUMP Coin Tanks 13%—Even Donald Trump Couldn’t Save It

Keep in mind the TRUMP meme coin that soared to over $5 billion market value instantly after President Donald Trump took his oath? Properly, it’s at present on a downtrend. It’s buying and selling barely above $17, down practically 18% from its earlier day’s shut.

The token’s newest value motion got here when President Trump took issues into his personal arms and shared a publish concerning the token on Truth Social.

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On its weekly chart, TRUMP is down 35% and 70% from its all-time excessive, suggesting a bleak outlook for its holders and traders.

It’s Going Down For TRUMP Holders

The broader crypto trade is within the pink proper now, led by Bitcoin, which has dropped to $95ok. Different cryptocurrencies are struggling within the present market, however the $TRUMP token will get particular point out for its distinctive circumstances.

It was reported that the token’s crash occurred proper after the President shared a publish on his Reality Social account. Additionally, his administration has been keeping off criticisms after asserting the brand new tariff coverage.

Instantly after the publish went public, TRUMP’s value dipped by greater than 13%, dropping under $20. The token loved an enormous run two weeks in the past, hitting an all-time excessive of $73.43. Additionally, information means that buying and selling quantity for the asset has elevated by 65%, valued at $3.four billion, as holders transfer to promote.

TRUMP Is Extremely Unstable, Holders Ponder Subsequent Transfer

After hitting a low of $18.75, the token made a number of positive factors to commerce above $21. Nevertheless, it’s again on the $17 stage, suggesting that it’s at present extremely unstable and testing the endurance of most merchants and holders.

In keeping with Coinglass’ derivatives information, TRUMP’s open interest has decreased by over 13% to $720 million, whereas 24-hour liquidations have elevated to over $15 million, with lengthy liquidations totaling $11 million.

For a lot of skilled merchants, the token’s transient dip under $20 is a shopping for alternative. Captain Faibik, a preferred crypto analyst, has joined the conversations suggesting to “purchase the dip.” In keeping with Faibik, the token’s falling wedge continues to be energetic, and he expects a robust restoration from it.

Shopping for the $TRUMP dip!

Falling wedge continues to be in play, anticipating a robust bounce again..#Crypto #TRUMP #TRUMPUSDT pic.twitter.com/s1juQeskgY

— Captain Faibik (@CryptoFaibik) February 2, 2025

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A Trump Pump And A Potential Bounce Again?

In crypto, the falling wedge usually signifies a possible value breakout. Many $TRUMP holders are utilizing this chart to argue {that a} surge for this token is going on quickly.

Crypto professional Edward Morra additionally shared his ideas, saying that the token has recovered from the $20 stage and predicted it’s now on the way in which up. He admitted that $TRUMP went deeper than anticipated, however he shared that he purchased the dip and is now its bullish potential.

Over at Reality Social, President Trump shared a publish in assist of his token, an apparent ploy on advertising and marketing. Nevertheless, many observers criticized this transfer from the president, saying that the “pump” might quickly result in a “dump”.

Featured picture from Pexels, chart from TradingView