The post Martin Shkreli-led Trump memecoin DJT plummets 95% appeared on BitcoinEthereumNews.com.

Roger Stone, a close aide to Trump, previously denied any involvement of the former president or his son with the TrumpCoin memecoin. As the broader crypto market experienced a downturn, a Solana-based memecoin using the former United States president Donald Trump’s name and image experienced a price meltdown.  On Aug. 6, TrumpCoin (DJT) dropped from $0.00555 per token to $0.000229 before briefly recovering. This represents a 95% decrease in the token’s price. At the time of writing, the price is hovering at around $0.000430 per token. Data from token price tracker Birdeye also showed that amid its price drop, its volume soared by 35,501%, with 1,736% more traders in the last 24 hours. According to Birdeye, its total value locked (TVL) also hovers at $23.1 million. Read more Source: https://cointelegraph.com/news/solana-trumpcoin-crashes-95-crypto-market-downturn?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound

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Filed under: News - @ August 6, 2024 6:24 pm