The much-hyped TRUMP memecoin has dropped more than 60% in value, falling from its peak of $75.08 on 19 January to its current price of $25.58.
The Trump-endorsed meme cryptocurrency is stirring debate among investors about whether it can regain momentum.
Launched by Donald Trump two days before his inauguration, TRUMP surged to billions in market capitalisation within hours, becoming one of the most traded crypto assets as thousands of traders invested heavily.
According to DEXScreener data, the token is down over 17% in the last 24 hours, with a total liquidity of just $4.5 million, a market cap of $5.15 billion, and a fully diluted valuation (FDV) of $25.81 billion.
Will TRUMP’s price rebound?
The coin’s future remains uncertain. While Trump has not confirmed whether he will endorse the memecoin again, investors are buying in anticipation of a potential mention by the former president.
StalkChain, an on-chain analytics platform, noted in an X post that TRUMP was the most purchased token by “Smart Money” investors in the past 24 hours. This trend suggests renewed interest from those who missed the initial hype.
With the token’s market supply not fully vested, the project’s team could make announcements that may drive up interest. Additionally, TRUMP’s positive buy-to-sell ratio indicates some investors see potential for price recovery.
However, opinions are mixed. Some analysts argue a Trump endorsement could spark a rally, while others believe the coin’s trajectory follows the typical life cycle of memecoins, which often fail to recover after initial hype.
Despite doubts, TRUMP’s unprecedented backing and billion-dollar market cap could make it an exception in the volatile world of meme cryptocurrencies.
