The official Trump Meme coin reached its all-time high of $ 75.35 on January 19, 2025, which began as US President three days before Donald Trump’s second term after launch on 17 January. Since then, the value of the coin has fallen from a rock.
Till 1 February, Trump is trading at around $ 19.38. It is about 74% plmets from its peak.
The coin’s market capitalization remains sufficient, with a thorough diluted assessment of about 2 billion dollars (80% tokens is conducted by the organization’s colleagues).
Anthony Skaramuchi-Ek Trump, the founder of Skybridge Capital, is calling a colleague-criticism-President that the allegation he makes is a pump-end-dump scheme.
“President Trump posted on Truth Social last night in an attempt to ‘pump’ his $ Trump Memcoin (yes, this is a real sentence that many have normalized),” Scaramuki Posted X on Saturday. “The result is the acceleration of ‘dump’, now 70% below its peak. Jig is up.”
Wall Street worried?
Trump, who owns Truth Social through his company Trump Media and Technology Group, often Hawk Items on his personal account (ie, non-fang tokens, or NFTS).
And, in September, Trump helped promote the World Liberty Financial, to borrow and lend to a decentralized finance platform for investors using cryptocurrency. He and his sons are not considered the owner of the company, but they have an agreement to promote it. the new York Times,
Official Trump Meme coin is just the latest money-making effort (Maga-branded bibbles and sneakers were also promoted).
Scaramuchi, whose hedge fund was one of the first people to return to Crypto in 2020, Yield A question for his over 1 million followers on X on X: “Can anyone explain to me on Crypto X how the President has pumped his own meme coin, that’s a good thing?”
Skaramuchi, who started his career in Goldman Sachs, is not the only Wall Street Pro, investigating the world of Cryptocurrency and Trump’s White House (Memme coin near Melania).
As financial TimesA memorandum by New York -based Hedge Fund Elliot Management suggests that the warm embrace of Trump’s digital coins is promoting a speculative frenzy that can “wreak havoc.”
irony? The founder of Elliot, Paul Singer, is not a stranger for Trump-World. Despite being a prolonged crypto critic, he donated $ 56 million to conservative candidates in 2024, including “Make America Great Again” PAC to $ 5 million.
Since Trump’s choice, Bitcoin shot a $ 100,000 by his pledge to make America “The Bitcoin Superpower of the World”. Not to remember an opportunity, Trump did not waste any time to sign an executive order to promote a national crypto stockpile.
Meanwhile, Elliott’s memorandum questions why America will encourage the dollar option at a time when other countries are scrambled to dig.
