- Early investors offloaded TRUMP tokens quickly, highlighting the vulnerability of speculative assets.
- Trump’s Bitcoin Reserve order raises market questions, potentially impacting liquidity and investor confidence.
The TRUMP token’s trajectory highlights the risks associated with speculative digital assets, particularly when early investors have significant advantages.
The most recent update by 10x Research indicates, in a tweet, that insiders received TRUMP tokens at the pre-inaugural Washington crypto ball before public trading commenced.
The $TRUMP Dump: When the Hype Fades, Reality Hits
1-4) A clear example is the $TRUMP coin, where insiders and those with early access at the Washington crypto ball could buy in before the public, while exchanges rushed to list the token as it soared past $60. After briefly… pic.twitter.com/PVzLcVbL0m
— 10x Research (@10x_Research) March 11, 2025
These early investors capitalized on the token’s initial surge, with prices briefly touching $70 before collapsing to $10, resulting in significant losses for retail traders.
Insider Advantage and Rapid Sell-Off
The TRUMP token’s value skyrocketed past $60, briefly reaching $70, before plummeting to $10. This rapid decline left retail traders with substantial losses, reminiscent of previous speculative cycles like the 2021 NFT boom and bust, where early participants benefited while later investors faced heavy losses.
However, a recent CNF update suggests that the TRUMP token has consolidated after the correction, showing bullish signals and the potential to reclaim its all-time high with strong support. According to the latest research:
The $TRUMP coin saw its price collapse by 50% within a week of launch. On-chain data revealed that early buyers quickly dumped their holdings, using retail traders as exit liquidity.
Decline in Meme Coin Launches
Additionally, Pump.fun, a leading meme coin launch platform, has seen a dramatic shift. Over the past year, it has facilitated 8.4 million meme coin launches, with activity peaking around President Donald Trump’s inauguration.
Between Christmas and the inauguration period, 1.7 million meme coins were launched. However, daily launches have now dropped from 62,000 to 24,000. Despite lower meme coin creation costs due to Solana’s price drop, participation has declined significantly.
Trump’s Bitcoin Reserve Order Raises Questions
President Donald Trump’s involvement in the crypto sector continues to raise questions. Edward Farina, founder of Alpha Lions Academy, pointed out liquidity challenges, attributing part of the instability to Trump’s engagement with the sector.
Trump has shifted focus toward Bitcoin, signing an executive order on March 6 to establish a strategic Bitcoin reservefor the United States.
The order directs the Secretary of the Treasury and the Secretary of Commerce to develop budget-neutral strategies for acquiring Bitcoin. This condition aims to facilitate government Bitcoin purchases without incurring costs for U.S. citizens, potentially reducing public opposition.
Following the announcement, Bitcoin’s price experienced volatility, briefly falling below $77,000 before recovering. As of the latest data, Bitcoin is trading at $83,507, reflecting a 2.64% increase in the last 24 hours. See BTC price chart below.
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