@welscud
πͺ A Year Ago, Trump Launched His Own Meme Token β Itβs Now Down 93%
One year ago, Donald Trump launched his own meme token, TRUMP, just ahead of his inauguration.
π― In the first days after launch, the tokenβs price skyrocketed β investors believed an asset tied to the name of a U.S. president, especially in the image of a βcrypto-Trump,β was guaranteed to deliver massive profits.
But the hype faded quickly. The market reversed soon after launch, and since then the token has lost around 93% of its value, with no signs of recovery or a new rally so far.
0 reply
8 recasts
51 reactions