Official Trump (TRUMP) Shows Signs of Crypto Bubble

Bittime - Launch of meme coin Official Trump (TRUMP) has attracted attention with a number of achievements. 

Will this meme coin burst the crypto bubble? Read this article to find out more!

Launch of Official Trump (TRUMP)

On January 18, 2025, Donald Trump launches Official Trump meme coin (TRUMP). In the first 36 hours after launch, the price of this token immediately soared by 28,000%. 

Early holder profits are huge beyond the potential profits of traditional stock markets that would take decades.

However, the official Trump official website clearly states that this token is not for investment or securities. Even so, investors still flock to buy this token and ignore the risks.

Read Also: What is Official Trump (TRUMP)?

Meme Coin Trends in the Trump Family

Shortly after the launch of Official Trump (TRUMP), Melania Trump launched the meme coin Melania Meme (MELANIA). Even though it was created in a short time, this token succeeded in following TRUMP's success. 

Not only that, several other members of the Trump family are reportedly planning to launch a similar meme coin.

Official Trump (TRUMP) and Signs of a Crypto Bubble

Even though it looks tempting, the phenomenon of a drastic increase in the price of Official Trump (TRUMP) is often a sign of a crypto bubble. Analysts are starting to compare the situation to the burst dotcom bubble of the late 1990s. 

At that time, the stock market soared due to massive investments in web domains, which ultimately led to a major crash. Similar to the current situation, the flow of global funds into the US market is one of the main triggers for the surge in crypto prices. 

Foreign investors, who shun European and Chinese economies, see the US as a safe haven. However, as has happened in the past, this flow of funds could reverse direction at any time.

Read Also: Important Information about Meme Coin Official Trump (TRUMP), You Must Know!

Whether Official Trump (TRUMP) will Survive?

Meme coins like Official Trump (TRUMP) may offer the opportunity for huge profits in a short period of time, but the risks that come with them cannot be ignored. 

So, even though Official Trump (TRUMP) succeeded in attracting global attention and setting new records, this phenomenon brings signs of a crypto bubble. 

Along with signs of market weakness, investors should be alert to the potential for a major correction.

Read Also: TRUMP Coin Price is Freefalling, This is the Cause and Current Condition

Official Trump (TRUMP) FAQs

What is Official Trump (TRUMP)?

Official Trump (TRUMP) is a political meme coin launched by Donald Trump on the Solana blockchain. The project immediately attracted attention, especially because it was launched ahead of Donald Trump's inauguration. 

What is TRUMP's ATH Price?

TRUMP price reached an all-time high of $79.34 on January 19, 2025, one day after launch.

How Much Is TRUMP Worth Now

According to Coinmarketcap, currently the price of TRUMP is at $37.38.

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Reference

UnHeard, Will Trump’s memecoins burst the crypto bubble?, accessed January 21, 2025.

Coinmarketcap, Coinmarketcap Official Trump Currency, accessed January 21, 2025.

Author: IPR