A year after its surge, the TRUMP meme coin has fallen more than 90% from its peak. Data from CoinMarketCap show the token rising from $1.20 to a high of $75.35 around the inauguration, yet it is currently trading at about $4.86. This marks a substantial retracement and hints at a cooling of meme-driven demand in the market.
Market sentiment surrounding Trump-associated meme coins has softened, with observers noting waning enthusiasm among retail investors and renewed scrutiny of the assets’ long-term value. Critics have argued that meme coins tied to political figures can function as easy money-making schemes and raise questions about power dynamics in fundraising.
Recent analyses indicate that the Trump family’s cryptocurrency activities have generated more than $1 billion in pretax profits. This highlights the profitability of these ventures even as the meme-driven price action declines.
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