A fall in the entire market has sent Donald Trump Trump to a spiral below in the last 24 hours, which has losses from the peak to an amazing 75%.
Trump was issued a couple of days before Trump’s swearing ceremony on January 20, since the first Memecoin was officially supported by a acting president. It worked from zero to a market capitalization of $ 14 billion less than 48 hours after getting live, although most retail merchants lost money in the Token, as shown by a Coindesk analysis.
Trump continues to support the file on its social media platform, Truth Social, where he published “I love $ Trump!” along with a link to buy the Token over the weekend.
However, the market responded with less enthusiasm than expected. For Sunday morning, Trump’s Token had dropped to a minimum of $ 19.09, is the lowest since Trump’s return to the White House and a price under the list in most of the main exchanges (around the $ 40 brand).
This is a marked reminder of volatility in memes tokens backed by celebrities, where even high profile endorses can be counterproductive against broader economic policies and market trends.
As such, Trump’s fall is not isolated; It coincided with a broader decrease in the market triggered by the Trump announcement of the new commercial tariffs against Canada and Mexico. Bitcoin (BTC) fell 6% in the last 24 hours, while Majors XRP (XRP) and Dogecoin (Doge) have dropped more than 25% in a strong fall that has reversed all December and January profits.
