The Trump-themed meme coin (TRUMP) has taken a severe beating over the past few months—and the worst may still lie ahead. After peaking above $70 following its January launch, TRUMP is now priced just under $8, down roughly 90%.
While the token saw a small bounce from its recent $7 low, it continues to trade below key technical resistance at the 21-day moving average. That trend, along with bearish market sentiment and poor altcoin performance, suggests further downside could be on the horizon.
Adding to the pressure is an upcoming token unlock on April 18. Roughly 4% of TRUMP’s total supply will be released into circulation, representing a 20% spike in active tokens. This dilution could lead to renewed sell pressure and push the token below key support levels.
A Scam or Just Bad Optics?
There’s no evidence that TRUMP Coin is a scam. It was launched openly as a collectible meme asset. But controversy surrounds the token’s structure and distribution. While early holders profited handsomely and the Trump organization gained over $100 million in trading fees, a majority of buyers faced heavy losses.
A joint investigation by Chainalysis and the New York Times confirmed over 800,000 wallets recorded losses within weeks of launch. Furthermore, 80% of TRUMP’s supply is under Trump’s control, locked for gradual release over his potential term in office.
The pattern closely resembles a textbook pump-and-dump, despite no official wrongdoing.
Is It Time to Buy?
Some might see TRUMP’s price collapse as a buying opportunity. But with more tokens entering the market and no signs of bullish momentum, the risks are significant.
Long-term, meme coins can offer explosive gains—but they can also go to near zero. If broader market conditions improve, TRUMP might enjoy a second life. Until then, traders are advised to proceed with extreme caution and avoid risking more than they can afford to lose.
