Editor's PiCK
Official Trump (TRUMP) Plunges 21% in 24 Hours... "Decline Due to Call for Meme Coin Investigation"
Minseung Kang
Summary
- It was reported that Official Trump (TRUMP) plunged 21% within 24 hours.
- The decline in Trump meme coins may be related to the call for investigation by U.S. lawmakers, according to analysis.
- Melania Trump's meme coin MELANIA also showed a 16% decline.
The meme coin Official Trump (TRUMP), officially issued by U.S. President Donald Trump, has plunged more than 20% in the past 24 hours.
As of 5:42 PM on the 25th, TRUMP is trading at $27.644 on the Binance USDT market, down 20.8% from the previous day. Melania Trump's meme coin, MELANIA, also fell by 16%.
On the 24th (local time), cryptocurrency media Decrypt analyzed that "the recent decline in Trump meme coins may be related to the call for an investigation into presidential meme coins by U.S. lawmakers, including Senator Elizabeth Warren, on the 23rd."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.![Dow Tops 50,000 for First Time Ever as “Oversold” Narrative Spreads [New York Stock Market Briefing]](https://media.bloomingbit.io/PROD/news/1c6508fc-9e08-43e2-81be-ca81048b8d11.webp?w=250)
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