What Is the Price of the Official Trump (TRUMP) Token? Any Recent TRUMP News?

Since the launch of TRUMP on January 18, the price has experienced significant fluctuations, reflecting strong market interest and speculative nature. According to the market data from Gate.io, the current TRUMP trading data is as follows:

TRUMP current price: 10.36 USDT
Market Cap: 2.07B USDT
TRUMP Token hit an all-time high of 78.1 USDT
Price change from the all-time high: -86%
24-hour price change: -1.15%
Highest price in 24 hours: 10.90 USDT
Lowest price in 24 hours: 9.94 USDT
Trading Volume: 29,350,000 USDT
24-hour net outflow: -5,153,567 USDT
Long/Short Ratio: 1.6:1 (Long 630,000, Short 397,619)
Support level: 9.919 USDT
Resistance Level: 10.803 USDT

These statistics reveal the intense trading activity and price fluctuations in the TRUMP token market. Despite recent declines, significant trading volume indicates sustained interest from traders and investors. Negative price trends over the past week and month suggest a cooling-off period after the initial surge, which is not uncommon in newly launched meme coins.

From meme coins to cryptographic phenomena: The journey of TRUMP Token

According to the official introduction, the creation of the TRUMP Token is aimed at supporting a unique understanding of the TRUMP brand and art, rather than as an investment tool. The issuance of TRUMP Token is jointly planned by CIC Digital LLC of the Trump Group and Fighter Fight LLC, using the LFG technology stack in cooperation with Jupiter for issuance. It is expected that the remaining 8 billion TRUMP Tokens will be unlocked within three years. According to on-chain data, the initial SOL funding source for developing TRUMP Token came from the Gate.io platform. Gate.io currently supports TRUMP Token spot and perpetual contract trading, providing up to 50 times leverage.

The token economy of TRUMP aims to create scarcity and may drive value over time. Initially, only 200 million TRUMP tokens will enter the circulation market, with plans to expand to a total supply of 10 billion within three years. This gradual release strategy is designed to manage supply and demand dynamics, which may impact the token’s price trajectory. It is worth noting that the project emphasizes its digital support for Trump’s ideas rather than a traditional investment tool or security.

Some community views believe that the official launch of his own TRUMP meme coin by US President Trump is a phenomenal event, which could be a huge boon for the industry in the long run. Meme is simple and easy to understand, with a low barrier to entry, and can quickly educate the market, attract new users and funds to enter. The prosperity of the on-chain market cannot do without the existence of memes. However, memes are just a catalyst, not equivalent to the entire market. TRUMP’s potential as the king of memes is the result of the deterministic opportunity created by the US President’s coin issuance, which fundamentally differs from most memes in the market.

Despite TRUMP’s strong price performance attracting widespread market attention and receiving some positive reviews, there are still many criticisms. For example, Alliance DAO founder Qiao Wang criticized the project for concentrating 80% of the supply in the hands of internal personnel, believing it violates the principle of decentralization and may be suspected of fraud.

TRUMP Token Future Outlook

The circulating supply of TRUMP Token is only 20%, with the remaining 80% locked in the official multi-signature address. Over the next three years, these tokens will continue to unlock and enter the market. The current market capitalization of TRUMP Token is $2.07 billion, ranking 43rd in the overall market; compared to the initial listing, TRUMP Token has dropped by over 85% from its historical high of $78.

The TRUMP Token is not just a cryptocurrency, it is deeply tied to Trump’s personal brand and political image. In the long run, if Trump continues to promote the TRUMP Token on social media, it may transcend being just an investment tool and become a political symbol and cultural phenomenon.

Risk Warning: Market sentiment and regulatory changes may significantly affect the value and liquidity of the TRUMP Token.