The TRUMP Token Goes South After the President Confesses He’s Not Really Into Crypto
It was supposed to be the latest, greatest memecoin: TRUMP, a cryptocurrency named after the former U.S. president. But after Donald Trump made a startling admission that he doesn’t know much about the coin—or crypto in general—the token experienced a sharp decline.
On January 21, during a press conference where Trump was announcing a new $500 billion artificial intelligence venture, a reporter asked him about his latest foray into the crypto world. His response? “I don’t know where it is. I don’t know much about it other than I launched it, other than it was very successful.”
Cue the collective facepalm.
A Memecoin Rollercoaster: TRUMP Takes a Nosedive
As if to confirm the president’s disinterest, the TRUMP token plummeted right after the news hit. Just days before, the token had soared to $48 per coin, but after Trump’s comments, it quickly sank to around $42. To add insult to injury, this drop came after it had already fallen more than 43% from its all-time high of $73.43 on January 19.
It wasn’t just a little dip either—TRUMP’s value had been riding high after its surprise launch on January 18, which briefly sent it into meme-coin heaven, surpassing some of the most popular crypto assets. At its peak, it boasted a fully diluted market cap of more than $70 billion. That was enough to get it noticed by crypto enthusiasts everywhere. But, as the saying goes, what goes up must come down.
Trump’s casual dismissal of his own memecoin—saying he hadn’t checked on it and didn’t really care—left many in the crypto world scratching their heads.
“Peanuts for These Guys”
When asked about the token’s success, Trump responded by saying, “Several billion… that’s peanuts for these guys.” He made the comment while gesturing toward a group of tech industry heavyweights standing behind him, including OpenAI’s Sam Altman, Oracle’s Larry Ellison, and SoftBank’s Masayoshi Son. While Trump’s words were somewhat nonchalant, his tone suggested he wasn’t losing any sleep over the memecoin’s volatility—something the rest of the crypto community might not agree with.
His remarks didn’t just raise eyebrows—they seemed to confirm what many had already suspected: Trump’s involvement in the launch was, at best, hands-off. The reality is, he’s been largely absent from the coin’s development and promotion.
The Double-Whammy: Melania’s Coin Strikes Back
If the TRUMP token wasn’t already feeling the heat, the situation got even worse with the release of Melania Trump’s own memecoin—MELANIA—which debuted just days later. It briefly surged to a high of over $13 on January 20, but then proceeded to plummet by nearly 70%, dropping to just over $4.
It’s clear that both Trump and Melania’s coins have failed to generate long-term enthusiasm from investors, with many in the crypto community pointing to their shaky fundamentals and the lack of direct involvement from the Trump family as key factors in their downfall.
Is the TRUMP Token Doomed?
So, what’s next for the TRUMP memecoin? With 200 million coins currently in circulation and the total supply expected to balloon to 1 billion coins over the next three years, there’s plenty of potential for volatility—and plenty of room for the coin to either surge or crash even further.
Skepticism runs high in the crypto world, especially after some early predictions pointed to a major sell-off following Trump’s inauguration. Those predictions seem to be coming true as the coin’s value continues to swing wildly.
Crypto analysts, like Bloomberg ETF expert James Seyffart, have gone as far as to say that Trump essentially “nuked his own memecoin.” Meanwhile, other financial observers, such as The Kobeissi Letter, have suggested that Trump’s lack of direct involvement with the launch is a big reason why his memecoin isn’t thriving as expected.
Trump’s Crypto Portfolio: More Than Just TRUMP
On a related note, it seems Trump’s own personal crypto investments aren’t just limited to his namesake token. According to Arkham Intelligence, a crypto intelligence platform, one of Trump’s wallets is “memecoin heavy.” In fact, his largest holding is a token called TROG, in which he has a whopping $3.1 million invested. But with the president seemingly disengaged from the crypto scene, it’s unclear how much longer these holdings will remain profitable—or if he’ll even be paying attention if they crash.
The Bottom Line: Memecoins Are a Wild Ride
In the end, Trump’s memecoin journey has proven that in the world of cryptocurrency, things can change fast. Whether TRUMP rebounds or fades into obscurity remains to be seen. What is clear, though, is that the memecoin market is a high-risk, high-reward game, and even the most high-profile names can’t guarantee success.
For now, it looks like the TRUMP token is riding the ups and downs of the meme coin rollercoaster. Stay tuned to see if it can recover—or if it’s just another blip in the wild world of digital currencies.
