TRUMP Memcoin Price Drops 10%

Since the start of the public standoff between Donald Trump and Elon Musk in early June, the value of the TRUMP coin launched by the US President's team has fallen by 10%, resulting in a loss of almost $900 million in capitalization.

The token is currently trading at a level that is more than 80% below its January highs. Trump's partner in many projects, Bill Zanker, is the founder of Fight Fight Fight, which is responsible for marketing and managing the TRUMP memcoin website. The token was directly put into circulation by CIC Digital.

According to analysts, these and other structures associated with the US presidential administration account for about 80% of all TRUMP emissions, which allows them to maintain control over the majority of the supply.

Earlier, it was reported that the public spat between US President Donald Trump and billionaire Elon Musk put pressure on the market of the first cryptocurrency, which led to its decline by almost 3%. Now the asset is approaching the $100,000 mark.