Yesterday afternoon, TRUMP hit an intraday low of 0.891 on Binance spot $TRUMP , and is now hovering around 0.946. From its January 2025 high of 73.43, it has lost nearly 99%.
The real blow came on November 4. The midterm election results came in, and the Republicans lost both chambers. TRUMP plunged from 1.587 to 1.270 that day, down 20%. It hasn’t had a meaningful rebound since—just a little lower each day—and yesterday it finally punched through the $1 level.
What concerns me more is the supply side. According to CoinGlass, the creators’ and CIC Digital’s holdings are still being unlocked daily, at around 904,000 tokens a day, or more than 27 million a month. This is set to continue until 2028. The price keeps falling while more tokens keep hitting the market. Honestly, that’s a pretty ugly combination.
What ultimately keeps celebrity coins afloat? Their public image, or a steady stream of people willing to buy in?
Do you think anyone would still be willing to buy in below $1?