Official Trump Meme Coin 'Wobbles' After Trump Says 'Doesn't Know Much'... Now Recovering
Summary
- President Trump's remarks reportedly affected the price volatility of the Official Trump meme coin.
- Trump's statement that he "doesn't know much" about the meme coin is analyzed to have worsened investor sentiment.
- Official Trump is recovering after a sharp drop, but it is still in a state of high volatility.
The meme coin Official Trump (TRUMP), launched by President Donald Trump himself, has been experiencing sharp fluctuations during trading. It is analyzed that President Trump's statement on a broadcast saying he "doesn't know much" about the meme coin has impacted investor sentiment.
According to Coinone on the 22nd, Official Trump plummeted to 55,000 KRW at 8 AM that day. The price sharply dropped by about 16,000 KRW in just an hour.
It is analyzed that President Trump's comment in an interview with Fox News, stating "I don't know anything about it other than it's a meme coin I launched," worsened investor sentiment.
However, Official Trump is currently showing signs of a slight recovery. As of 11:14 AM that day, Official Trump is trading at 61,800 KRW on Coinone, down 4.84% from the previous day.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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