The story of Trump Meme Coin ($TRUMP) shows how volatile and risky the cryptocurrency world can be. Immediately after launch, its all-time high value reached $73, which was a growth of 8000% compared to the launch price of $7. But now its price is just $26, which is 65% lower than the all-time high.
Key Points:
- Launch Price: $7 per coin.
- All-Time High: $73 per coin.
- Current Price: $26 per coin.
- Fall: 65% from all-time high and now 300% higher than the launch price.
This meme coin is Solana-based and is inspired by Trump’s theme “Fight, Fight, Fight”. Its buzz was quite strong at the time of launch, but now its value is falling.
Risks of Meme Coin:
Meme coins mostly depend on hype and FOMO (Fear of Missing Out).
When the hype in the market decreases, their value falls quickly.
If someone would have invested at the time of its initial surge, then by now they would have suffered a lot of loss. It is always very important to do research and understand the risks while investing in cryptocurrency.