Highlights
- The Trump coin has seen an 80% decline over the past month.
- TRUMP coin ranks second in social activity, driven by airdrop excitement.
- Supporters can receive three TRUMP tokens for purchasing Trump-affiliated merchandise.
Since Donald Trump’s executive order backfired on February 1st, the entire market has been in a state of lack of momentum.
Where, Bitcoin price has since fallen below $100,000, while the TRUMP coin has intensified its long-ongoing sell-off and lost its crucial support at the $25 mark.
Initially, the TRUMP coin made waves by outperforming some of the largest meme coins shortly after its launch.
It skyrocketed over 20,000% on Dextools from a low of $0.18. On its debut day on exchanges like Cryptocom, it surged by more than 350%, reaching an impressive $80.
However, this meteoric rise was short-lived, as the TRUMP crypto quickly surrendered those gains and began a steep decline.
As of now, the TRUMP price is trading at $16.53, reflecting a 4% intraday drop and an alarming 80% decline over the past month. The meme coin has been in a free fall, raising questions about its future.
Despite this downturn, the TRUMP price recently ranked second among coins with the highest social activity, reigniting curiosity among investors.
Those who missed the initial surge are seeing this as an opportunity to buy the official TRUMP coin at significantly discounted prices.
So, is the official TRUMP meme coin worth adding to your portfolio now that it’s heavily discounted? Keep reading to find out.
TRUMP Coin is the Latest Crypto Buzz Word: Know Why?
According to LunarCrush Analytics, the TRUMP coin recently secured the second spot in social activity rankings, just above Dogecoin.
This heightened engagement is typically a positive indicator, aligning with the coin’s recent price movements.
However, discussions within the community are not centered on investment potential; instead, excitement has surged due to a recent airdrop announcement.
In the past 24 hours, despite the rising social talks, TRUMP price has seen a 4% decline, mirroring a broader downturn in the cryptocurrency market.
Based on the announcement, the airdrop initiative rewards Donald Trump supporters with a few dollars’ worth of the official TRUMP coin.
However, the eligible are those who have been purchasing merchandise from those websites that are affiliated with the president.
These sites often sell products branded with Trump’s image or catchphrases, which tend to command high prices.
Moreover, for those who have made purchases from these affiliated websites, three TRUMP coins valued at just over $50 at the time of writing, will be airdropped to the email addresses used for these transactions.
This offer strictly applies to buyers of Trump-branded perfumes, sneakers, cards, or watches, and tokens can be claimed until March 1.
As its social presence has received a boost, many are looking for investment viability, as many are questioning whether adding TRUMP to their wallets is a sound decision.
Trump coin is surrounded by controversies for various reasons, including ethical concerns tied to Trump’s influence and the significant crash that followed its initial rally. This raises suspicions of market manipulation, too.
Similarly, the official TRUMP coin has faced heavy criticism, with some labeling it a pump-and-dump scheme.
Per its on-chain data, this skepticism is reflected in its token transfer and Dex trading activity on Solscan, which has plummeted. It also hints at the lack of upward movement in the TRUMP price.
Despite the negative feedback, some experts speculate that its price may rise soon, as the airdrop plans have reignited interest in the coin, but now it all depends on major interest revival.
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
