#Trump coin plunges 20% in a day, while the broader market keeps climbing
The Democrats swept the midterm elections, and $TRUMP crashed. It fell nearly 20% in 24 hours, trading at 1.27 USDT after hitting a low of 1.21. It had opened at 1.58.
But the broader market barely noticed. $BTC actually rose 3%, trading at 80288 USDT; $SOL gained 1.5%, trading at 95 USDT. Put simply, this is the only “Trump-themed” coin left in crypto. Once the election results came in, speculators rushed for the exits, while the rest of the market carried on as usual.
Interestingly, Trump coin runs on Solana, yet SOL itself didn’t fall. All the political-meme sentiment was concentrated in TRUMP, and it dissipated just as quickly.
Are you still holding any Trump-themed coins, or did you get out early?
The Democrats swept the midterm elections, and $TRUMP crashed. It fell nearly 20% in 24 hours, trading at 1.27 USDT after hitting a low of 1.21. It had opened at 1.58.
But the broader market barely noticed. $BTC actually rose 3%, trading at 80288 USDT; $SOL gained 1.5%, trading at 95 USDT. Put simply, this is the only “Trump-themed” coin left in crypto. Once the election results came in, speculators rushed for the exits, while the rest of the market carried on as usual.
Interestingly, Trump coin runs on Solana, yet SOL itself didn’t fall. All the political-meme sentiment was concentrated in TRUMP, and it dissipated just as quickly.
Are you still holding any Trump-themed coins, or did you get out early?