Trump Coin (TRUMP), the meme coin backed by former U.S. President Donald Trump, is back in the spotlight—and not for the right reasons. After skyrocketing past $70 earlier this year following its much-hyped January launch, TRUMP is now teetering just below $8, a staggering 90% drop from its all-time high.
While TRUMP has rebounded slightly from last week’s low of $7, gaining about 10%, it remains locked in a long-term downtrend. For months, the meme coin has failed to break above its 21-day moving average (DMA), consistently facing strong resistance.
But the worst may be yet to come.
On April 18, a significant token unlock event is scheduled. Approximately 4% of the total supply—currently held in reserve—is set to be released into circulation. Given that only 20% of TRUMP tokens are currently liquid, this new release marks a sharp 20% increase in circulating supply. When combined with bearish price action and poor sentiment in the broader altcoin market, a further drop below $7 seems increasingly likely.
Was TRUMP Coin a Rug Pull?
Despite the losses, TRUMP Coin doesn’t appear to be a scam. The launch was transparent, with no false promises or misleading investor statements. It was introduced as a collectible meme token—not a security or investment product.
Still, many have questioned the moral integrity behind the launch. Early adopters reportedly made massive profits, and the Trump organization itself earned an estimated $100 million in trading fees. Yet, the vast majority of buyers have been left holding the bag.
A report by Chainalysis and the New York Times revealed that within three weeks of launch, over 800,000 wallets had suffered losses. The token’s price chart reflects a classic pump-and-dump scenario. Critics have especially called out the fact that 80% of TRUMP’s total supply was pre-allocated to the Trump team, scheduled to vest over the course of his potential second presidential term.
Is There Any Upside Left?
Could TRUMP bounce back in the future? Possibly—if broader crypto sentiment improves and liquidity floods the market again. A more bullish macro environment and renewed retail interest could revive interest in meme coins like TRUMP.
For now, though, caution is advised. While some may see the current price as a buying opportunity—a chance to get in after a 90% discount—the risk of further downside remains very real. Meme coins have been known to drop as much as 99% from their highs.
In short, anyone considering buying TRUMP Coin should only invest what they’re prepared to lose. Safer, more proven alternatives like Bitcoin, Ethereum, or Solana offer far more stability and long-term growth potential.
