Key Takeaways:
$TRUMP briefly topped DEX volumes with $52.5M, but its price remains 85% below the $73.43 ATH.
Holder count has dropped 90% since January, raising concerns about insider activity.
Despite ongoing skepticism, some analysts still expect a price rebound.
The price of Official Trump ($TRUMP) surged, becoming the number one meme coin on decentralized exchanges (DEX) with $52.5 million in volume.
On March 23, Donald Trump mentioned $TRUMP in a post on Truth Social. The following day, the $TRUMP price rose sharply to $12.24. By March 25, it had corrected slightly, dropping to around $11.5.
Source: CoinGecko
Despite the recent rebound, the Official Trump meme coin price is still down about 85% from its all-time high (ATH) of $73.43, reached on March 19. At that time, it became one of the most expensive meme coins on the market.
The question remains whether this signals a meme coin revival or another attempt by Donald Trump to influence markets.
It’s worth noting that following his inauguration, the crypto market saw one of the largest liquidations in its history. While some expected an altseason, prices moved into the red.
In short, volatility remains high with the arrival of a new, crypto-friendly U.S. president.
$TRUMP Tops Meme Coins on DEX Volume After Trump’s Post
Donald Trump’s recent post may have renewed optimism among traders. According to GeckoTerminal, $TRUMP reached $52.5 million in trading volume on decentralized exchanges on March 25, making it the top meme coin by DEX volume.
Another Trump-themed token, Downald Trump (DOWNALD), launched on March 24 and came in second with $26.6 million in volume, likely driven by the renewed hype around $TRUMP.
Source: GeckoTerminal
Despite the rise in price and volume, the number of $TRUMP holders has remained mostly flat since January. Dune data shows that the peak was recorded on Jan. 19, around the time of the token’s launch, reaching nearly 10,500 holders.
Since then, the figure has dropped by about 90%, stabilizing below 1,050 with occasional spikes.
Will Official Trump Meme Coin Price Go Higher?
The meme coin mania intensified during the U.S. presidential election campaign and peaked after Donald Trump’s inauguration. However, the market has faced setbacks due to scams like Libra (LIBRA).
Official Trump ($TRUMP), along with Melania Meme (MELANIA), initially drew skepticism from the crypto community.
Like $TRUMP, $MELANIA has also dropped sharply from its ATH — falling by nearly 95%, from $13.05 on Jan. 20 to $0.60 on March 25. Analyst Ignas had earlier predicted that the token could approach zero.
Trump’s social media activity may continue to drive attention to $TRUMP. Its trading volume remains high, and the token regularly ranks in the DEX top 10, sometimes taking the lead.
Still, skepticism persists. Analyst Brett Johnson has called $TRUMP a scam, claiming that traders have lost around $12 billion to the token.
As mentioned earlier, the number of holders has dropped by 90% since January and has remained largely unchanged. This suggests that current trading is likely dominated by whales or insiders.
One large trader attempted to profit from Donald Trump’s post, buying $TRUMP for $5 million USDC, but later sold at a loss of around $207,000.
At the same time, despite the skepticism, some analysts believe $TRUMP may see further price growth in the near future.
The post Official Trump Meme Coin Price Jumps Back to $12, Tops DEX Volume – What’s Next? appeared first on Cryptonews.
