TRUMP Coin Drops 5% Amid $800M Volume Surge as Political Risks Mount
Trump Coin (TRUMP) declined 5% to $11 as trading volumes spiked to $800 million, fueling speculation of institutional exits from the meme coin. The sell-off aligns with political challenges for former President Trump, including Senate Democrats blocking a stablecoin bill seen as favorable to his associates.
With a $2.2 billion market cap, the liquidity event underscores volatility risks in politically-linked meme coins. Analysts note the volume surge suggests smart money may be rotating away from assets with regulatory exposure.