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BTCC / BTCC Square / Global Cryptocurrency /
TRUMP Meme Coin Tumbles 16% Amid Aggressive Short Selling

TRUMP Meme Coin Tumbles 16% Amid Aggressive Short Selling

Author:
Global Cryptocurrency
Published:
2025-05-04 17:29:01
14
1

The TRUMP meme coin has plunged 16% over the weekend, trading at $11.08 as bearish sentiment dominates. Short sellers capitalized on the downturn, driving the funding rate to its most negative level in three weeks.

Traders positioned for further declines, but a price recovery could force rapid short-covering. market dynamics suggest potential volatility ahead as participants reassess risk exposure.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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