The $TRUMP memecoin, which was launched by Donald Trump on the eve of his inauguration, has lost 75% of its peak value, despite the US president's attempts to promote it on social media. This is reported by CoinDesk.
As of February 3, 2025, $TRUMP memecoin is trading for $17.74 with a total market capitalization of $3.56 billion. This is 75% lower than its peak of $73.43, which it reached on January 19, the day before Trump's inauguration and one day after its launch.
Even the active promotion of $TRUMP on Truth Social, where the US president had previously written "I LOVE $TRUMP" and left a link to buy it, does not help to keep the value of the coin up.
After Donald Trump's inauguration, memecoin lost 60% of its value. Before that, even supporters of the new US president expressed surprise at his decision to promote the token. Some Washington lobbyists consider the launch of coin to be a bad move for the industry, which is still trying to get rid of its reputation for fraudulent schemes.