Why $TRUMP Tanked 20% Today Live Crypto Movers: Top Shocks & Surges
Main reason: TRUMP opped sharply around the Mar-a-Lago crypto holder event. Reports point to a sell-the-news move, weak holder confidence, and selling pressure after the event hype faded. Some reports also mention the token falling from around $3 to near $2.50, while Reuters noted the coin is still far below its old peak.
Trump Dumped 20%
Trump tanked hard today
Price dropped near $2.50 zone from $3 area
Main reason looks like sell the news
Mar-a-Lago event hype already priced in
After event, buyers not strong
Now important level:
Support: $2.50
If breaks, more downside can come
If reclaim $3, short bounce possible
Also watch BTC move
If BTC weak, meme coins can dump more fast
BTCUSDT
Perp
76,811.4
-1.02%
TRUMPUSDT
Perp
2.475
-2.90%
#Trump's #MemeCoin #Bullclub #BTCSurpasses$79K #MarketRebound