Official Trump saw a surge in both price and attention, but both have since dropped significantly, with the price falling from $35 to around $25. This decline is accompanied by a sharp drop in interest, as fewer people are discussing or trading the token.
Historically, price and attention are closely linked in crypto markets—when interest is high, prices tend to rise, and when attention fades, so do valuations. Despite this, the Official Trump token remains the most liquid on the Solana blockchain, boasting $514 million in liquidity.
However, trading volume tells a different story, with only $28 million in trades over the past 24 hours—just a fraction of its liquidity pool size. This is unlike typical meme coins, where trading volume often exceeds liquidity.
The lack of significant trading activity means liquidity providers and market makers are not earning substantial fees, making the token less appealing to those facilitating transactions. Even centralized exchanges that hold $TRUMP tokens are now struggling to generate fees from declining activity.
$TRUMP Price Prediction
Official Trump meme coin is currently trading at $25.71, with a market cap of $5.14 billion, but recent price movements suggest a shift in its trajectory.
Initially, there was speculation about the formation of a W pattern, also known as a double-bottom bullish reversal pattern, which could have led to a strong upward movement toward the $32 resistance level.
However, this pattern failed to materialize, leading to a change in the overall market outlook. Instead of the anticipated bullish continuation, the chart now presents a descending triangle, a pattern generally considered bearish.
While this does not necessarily mean an immediate downturn, it raises concerns about the potential for further declines. The key level to watch is the $23 support, which must hold to prevent a drop to the next critical threshold of $20. Interested investors can check out our guide on how to buy $TRUMP coin here.
Official Trump Meme Coin Adoption Grows, But Security Risks and Market Uncertainty Loom
The broader market sentiment remains uncertain, with Bitcoin hovering around $100,000 and lacking the euphoric momentum typically seen in strong bullish phases.
Meanwhile, despite the shifting technical outlook, $TRUMP meme coin has been making strides in adoption, with several websites selling Trump-branded products now accepting it as a form of payment.
This development aims to strengthen its real-world utility by allowing purchases of items like watches and sneakers. However, there is skepticism about the long-term impact of this move, as it appears to encourage spending rather than holding the asset.
Additionally, security remains a major concern, as reports indicate that over 6,000 fraudulent trading pairs are associated with the Official Trump meme coin, emphasizing the importance of using the correct contract address.
The current market conditions suggest a period of stagnation, with no strong bullish or bearish signals dictating the next major move. Despite the downturn, over 700,000 wallets still hold $TRUMP tokens, though many may contain only small balances.
The number of daily active traders and on-chain transactions is also steadily declining. This trend suggests that while the token still has a considerable holder base, its relevance in the market is rapidly diminishing.
The Official Trump token’s trajectory serves as a cautionary tale in the crypto space, reinforcing the volatility and speculative nature of meme coins.
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