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Bitcoin is riding high with its recent surge that led to it moving past its ATH level. However, the same cannot be said about the Official Trump Meme Coin. This presidential meme coin, which after launch arguably became the fastest token to reach new highs, hasn’t seen much action lately. The recent presidential dinner given to the highest investors of this presidential meme coin didn’t do much for its price. The value is currently consolidated between $10 – $15. Why is it that the meme coin officially launched by the biggest political figure right now hasn’t seen much action? Is the Official Trump Meme Coin dead? Official Trump Meme Coin Price History The Official Trump Meme Coin launched at the beginning of the year, three days before Donald Trump officially entered the Oval Office. The release was met with major fanfare, with the TRUMP price officially breaking all market fundamentals to reach new highs. At one point, it reached a market capitalization of $14.5 billion. This necessarily translated to it becoming the second-biggest meme coin by market capitalization for a while. However, the Trump fever within the political arena didn’t last in the blockchain space, as profit-takers rushed to sell the tokens. Trump himself drew massive criticism for the project, with many saying it highlights the blatant corruption inside the presidential suite. Official Trump Meme Coin’s tokenomics is also subject to major criticism, with only 20% of the total supply being available to the public during launch. Months after the launch, new meme coins emerged, and Donald Trump’s political moves created massive volatile situations, impacting the Bitcoin price. However, none of that impacted the Official Trump Meme Coin to a higher degree. Macro-analysis of the price chart shows that the meme coin has only surged by over 5.9% in a…

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Filed under: News - @ May 24, 2025 12:15 pm