TRUMP Coin Price Analysis (TRUMP): About to drop by 90%?

Things are not looking good for Trump Coin (TRUMP), the official meme coin of U.S. President Donald Trump launched on January 1, ahead of the release of a major token unlock later this week. TRUMP most recently traded at less than $8 a coin, up a modest 10% from its low of around $7 last week, but still in a long-term downtrend.

The meme coin has consistently encountered resistance at 21DMA over the past three months. TRUMP is now down about 90% from its post-launch high of above $70. But the situation could get worse. 4% of the meme coin's supply will be unlocked on April 18.

Given the fact that only 20% of the supply is currently in circulation, this means that the circulating supply will increase by 20%. Negative technical factors combined with bearish supply dynamics mean that TRUMP could soon drop to a new low of less than $7 per token. With the overall sentiment of the cryptocurrency market still pessimistic due to ongoing macro uncertainties and the poor performance of altcoins, the prospects for reversing the big bullish momentum in the near term are not very positive. Is $TRUMP a scam? TRUMP Coin is not a scam; The launch of this coin was very fair and the team behind this coin did not deceive investors in any way. It was only launched as a collectible meme coin, with no promise of return or anything like that. However, there are still ethical questions surrounding the launch of this meme coin. First, while early buyers made millions of dollars, and while the Trump organization made more than $100 million in transaction fees, the majority of Trump buyers incurred losses. Indeed, a study by Chainalysis conducted in conjunction with the New York Times revealed that, three weeks after the meme coin's launch, more than 800,000 wallets lost money while buying the coin. Indeed, just look at the chart of the TRUMP coin since its launch – it paints a perfect picture of a classic "blow and release" move.

The fact that the Trump Organization has gifted itself 80% of the supply to hold throughout Trump's presidency has also been strongly criticized.

Is it a good time to buy $TRUMP? It is likely that when the situation in the cryptocurrency market in general takes a more positive turn, the TRUMP coin may revive strongly. Perhaps when sentiment about the economy is better and when the Fed pumps liquidity into the market. However, that time has not yet come. That's right, TRUMP buyers who are entering the market are buying into declines, practically down 90%. However, it could still be even lower. It's not unheard of for meme money to drop 99% from its previous record high. Investors should not risk more than they can afford to lose by buying TRUMP coins. Investing in major coins like Bitcoin, Ethereum and Solana is much safer.