Donald Trump’s memecoin has plunged more than 90 per cent in price from its peak a year ago, in a sign of how the excitement around the US president’s controversial cryptocurrency has evaporated.
Launched ahead of Trump’s inauguration in January last year, the $TRUMP memecoin briefly surged from $1.20 to a high of $75.35, according to CoinMarketCap data. One year on, it is trading at $4.86, a 94 per cent decline from that peak.
A couple of days after the $TRUMP coin was launched, his wife Melania Trump also debuted a memecoin. The price of that jumped to a high of $13.73 but is now trading slightly below $0.15, according to CoinMarketCap data, a fall of 99 per cent from its peak.
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