On the one hand, while the Donald Trump is troubled by the tariff being imposed by the government, on the other hand its investors are upset with the Cryptocurrency Trump Mim Coin ($ Trump). Actually, Donald Trump’s Mim Coin has recently caused huge damage to its investors. Its price has fallen 75 percent from its all time high in the last few days to $ 18.92.
Enthusiasm for launch time
Trump Mim Coin created a stir in the crypto market as soon as it was launched on 17 January 2025. Its initial price was around $ 7 and in a few hours it rose by 8000 per cent to its all -time high 74.85 dollars. This speed attracted investors and many people invested in it. But after this it started declining, which is still going on.
Cause of fall
There are many reasons behind the fall in the price of this meme coin. First, the end of speculative activities in the market and losing the trust of investors is the main reason. In recent times, the price of Trump Mim Coin has fallen by 24 per cent within 24 hours, making it clear that investors are no longer relying on this cryptocurrency. In the last one week, its price has declined by more than 30 per cent.
Investors destroyed
This decline has caused serious damage to investors who bought it at its all -time high price. At present, the market cap of Trump Mim Coin has come down to about $ 3.77 billion. Those who invested at the time of its launch, are now facing huge losses.
The decline of Trump Mim Coin shows the status of the entire crypto market not only. In recent times, the prices of other major cryptocurrency have also come down. Experts believe that the impact of speculative activities in the crypto market and the effect of government policies is the main cause of these declines. Donald Trump’s Mim Coin created a lot of enthusiasm at the time of his launch, but the current situation has turned it into a scary dream. Investors are advised to consider carefully and take their investment decisions wisely.
Also read: How long will the new tax slab be implemented, will it get ‘no income tax’ exemption on 12 lakhs from this year
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