A cryptocurrency trader experienced a dramatic financial setback, losing $207,000 in just 60 minutes, swept up in the volatile surge of the Trump meme coin, TRUMP. This crypto news seemed nothing new and different yet there’s a catch to it.
The sharp loss occurred on March 23, 2025, shortly after former President Donald Trump posted on Truth Social, declaring, “I LOVE $TRUMP.” Within moments of the endorsement, the token’s value spiked by 13%, drawing widespread attention from investors.
The trader, who had previously earned an impressive $108 million from an earlier TRUMP investment, acted quickly on the rally.
Data tracked by Lookonchain and Solscan shows the individual purchased $5 million worth of TRUMP tokens with USDC following Trump’s statement.
But the market’s excitement faded fast. Within an hour, the token’s price dropped, forcing the trader to sell at a significant loss.
Crypto News: TRUMP Meme Coin Rocky Rise and Fall
Launched on the Solana blockchain before Trump’s January 2025 inauguration, TRUMP began with a total supply of 1 billion tokens.
Of these, 200 million were offered to the public, while 800 million remain controlled by entities tied to Trump, such as CIC Digital LLC and Fight Fight Fight LLC.
These tokens are locked under a three-year release plan, starting with initial lock-up periods of three to 12 months, followed by gradual daily unlocks over the next two years.
The coin saw a meteoric rise early on, climbing from below $10 to a high of $75, with a market cap reaching $15 billion and trading volume hitting $29 billion, according to CoinMarketCap.
However, by March 24, 2025, its price had fallen to $11.95—a 70% drop from its peak. Despite the decline, TRUMP recorded a 9% gain in the past 24 hours and a 5% uptick over the week, highlighting its unpredictable swings.
The trader’s loss has sparked renewed debate over meme coins and their risks. Trump’s public backing of TRUMP, alongside its links to his business interests, has fueled speculation about market manipulation and insider trading.
Other Trump-family-related tokens, like MELANIA, have also drawn scrutiny, though no solid proof of misconduct has emerged.
The MEME Act
In Washington, Representative Sam Liccardo has introduced the MEME Act, a bill designed to stop federal officials and their families from profiting off meme coins and similar assets.
The proposed law aims to tackle potential conflicts of interest and limit the impact of prominent endorsements on shaky markets. While still under review, the legislation signals growing concern about the blend of politics and digital currencies.
The TRUMP saga underscores the wild uncertainty of meme coins—assets often propelled by online hype rather than solid fundamentals. For the trader, the journey from a $108 million windfall to a $207,000 loss in a single hour captures the razor’s edge of this market.
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