TRUMP is losing popularity: most holders are in the red or without profit
Date: 2025-01-23 Author: Gabriel Deangelo Categories: CRYPTO PAYMENTS
The number of investors who managed to make money is half as many as those who ended up in the red. Only a few holders of the token made a significant profit or, conversely, suffered significant losses (over $10,000).
At the time of publication, the price of TRUMP is $38, having practically not changed in a day. At the same time, the trading volume of the token has decreased to $476 million.
Since the launch of TRUMP, Circle has issued an additional 3.5 billion USDC to support liquidity. As a result, the total market capitalization of USDC has exceeded the $51 billion mark.
The MELANIA token associated with Donald Trump's wife is also facing difficulties. Over the past 24 hours, its value has fallen by 10% and dropped below $4.
K33 Research DeFi analyst David Zimmerman noted the weak tokenomics of the TRUMP project in his report for The Block. According to him, despite the lack of token unlocks in the next three months, such a distribution structure is outdated. Modern projects often focus on a full circulating supply from the very beginning.
“It is unclear who exactly is behind the creation of the token, but it is clear that Donald Trump has a significant financial interest in the project through CIC Digital,” Zimmerman emphasized.
The organization Citizens for Responsibility and Ethics in Washington, known for its initiatives against Donald Trump, is already preparing lawsuits regarding the release of the TRUMP meme token and other issues.
