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Trump token "TRUMP" fell more than 70% from its high "

Internet reports that in the past 24 hours, the decline in the entire cryptocurrency market has caused Trump's token "TRUMP" to fall further, falling from its peak to a staggering 75%. Trump issued the token a few days before his swearing-in ceremony on January 20. It was the first "memein" officially recognized by a sitting U.S. president. An analysis by CoinDesk showed that in less than 48 hours after launch, the token's market value soared from zero to a peak of $14 billion, even though most retail traders have lost money on this coin. Trump had previously continued to speak out in support of the token on his social media platform, but the market's response was less enthusiastic than expected. As of Sunday morning local time, the price of Trump tokens had fallen to a low of $19.09. (Jin Shi)

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