{"id":147085,"date":"2025-01-19T08:00:15","date_gmt":"2025-01-19T06:00:15","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=147085"},"modified":"2025-01-19T01:11:44","modified_gmt":"2025-01-18T23:11:44","slug":"is-a-major-correction-looming-for-trumps-meme-coin-after-300-rally","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/is-a-major-correction-looming-for-trumps-meme-coin-after-300-rally\/","title":{"rendered":"Is a Major Correction Looming for Trump\u2019s Meme Coin After 300% Rally?"},"content":{"rendered":"<p>As of January 19, 2024, the token has surged over 300%, fueled by a social media post from the President-elect and growing interest among traders.<\/p>\n<p>A dramatic series of events unfolded when a prominent investor <strong><a href=\"https:\/\/x.com\/lookonchain\/status\/1880692948033282481?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1880692948033282481%7Ctwgr%5E83f7323bd687dc0bf360614c87fd3e03ee357e7c%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcoinpedia.org%2Fnews%2Ftrump-sell-off-begins-whale-sells-23-82-million-in-holdings%2F\" rel=\"nofollow\">spent<\/a> <\/strong>12 million <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/usd-coin\/\">USDC<\/a> <\/strong>to acquire nearly 861,000 <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/official-trump\/\">TRUMP<\/a> <\/strong>tokens at an average price of $13.94. This strategic move paid off handsomely when the same investor later sold their entire holdings for an average of $27.67, raking in a profit of $11.8 million. Alongside this high-stakes trading, allegations surfaced that Trump\u2019s team had offloaded $500 million worth of tokens while holding onto 85% of the total supply, raising eyebrows across the crypto community.<\/p>\n<p>Despite substantial sell-offs, TRUMP\u2019s price hit a high of $35 before retreating slightly to its current level of $27.75, still boasting a remarkable 330% gain in just one day. The coin\u2019s meteoric rise has continued to draw the attention of both individual traders and large-scale investors, pushing demand even higher.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-146887\" href=\"\" title=\"\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\"><\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>However, with only 200 million tokens circulating out of a total supply of 1 billion, questions are emerging about the potential impact of future token releases. Many worry that the influx of additional coins could trigger sharp price corrections, casting uncertainty over the token\u2019s long-term trajectory as its rapid ascent captivates the market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Donald Trump&#8217;s recently launched meme coin, Official Trump (TRUMP), has taken the cryptocurrency world by storm, defying the broader market&#8217;s struggles.<\/p>\n","protected":false},"author":9,"featured_media":25472,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[424,108,122],"coin_category":[],"class_list":["post-147085","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-crypto","tag-price","tag-trump"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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