Innovation
Trump Meme Coin Crashes 96% Amid Crypto Market Meltdown
The Trump-branded meme coin has lost 96% of its value as Bitcoin and the broader cryptocurrency market face a punishing downturn.
Key Takeaways
- The TRUMP meme coin has lost 96% of its peak value, collapsing from a brief multi-billion-dollar market cap to a cautionary tale
- The crash coincides with a broader crypto downturn driven by trade tensions, rising rate expectations, and regulatory crackdowns
- Thousands of retail investors who bought near the top face devastating losses as meme coins prove especially vulnerable to sentiment shifts
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DT Editorial AI··via cnbc.com