Trump’s Memecoin Faces $520M Unlock Amid Feud with Musk: Will it Survive?
The TRUMP token, launched as a political cryptocurrency tied to former President Donald Trump, has seen its value plummet by 85% since its January peak of $73. Now trading at $10.36, the token's volatility has raised questions about its sustainability despite continued promotion by Trump's camp.
World Liberty Financial, backed by the TRUMP family, announced plans to acquire a substantial portion of TRUMP tokens, briefly buoying the price. The memecoin's struggles highlight the risks of celebrity-endorsed cryptocurrencies in an increasingly skeptical market.