The head of President Donald Trump Solara coin–ASSET–The has reached a price not seen for only hours after its launch, as trading volumes of the token slide to new stockings.
The president’s play even fell $ 14.86 late Sunday, marking the lowest price marked by Coingecko since the beginning of January 18, just hours after the launch of the token by Trump a few hours before its inauguration.
Trump is down 2.6% in the last 24 hours, while other main cryptographic assets like Bitcoin And Mastiff remained relatively stable, up 0.6% and down 0.1% respectively during this period.
At a current price of $ 16.16, Trump’s slide marks an additional 40% drop in the last 14 days according to Coingecko. It is now down 78% compared to a price of all time more than $ 73 paid on January 19.
The decline of the token, which reached it in n ° 44 by market capitalization throughout all cryptographic assets, came despite at least one recent attempt by the president to promote the token, which does so in an article of January 31 on social social.
“I love $ trump”, He postedShare a link to the official website of Get Get Trump Memes next to him. No immediate relief came, with the Falling token Instead in the hours that followed the post.
Not only is the token down, but the volume of trading has fallen hastily, recording a hollow of all time on Sunday when it saw less than $ 1 billion in volume According to Coingecko data.
In comparison, the token exchanged more than $ 20 billion on average during the first five days after the launch. Sunday has marked the lowest daily countdown to date for the meme solara cleansing piece.
The slide of the token, alongside that of the other main cryptographic assets, could be attributed in part to the continuation of Price ads of President Trump himself. Bitcoin and Ethereum Everyone lost almost 2% over the week, while XRP slipped around 5% at the same time. Most major assets have dropped prices earlier this month while pricing plans were announced for the first time.
Nevertheless, the entities connected to Trump continue to make crypto movements. Last week, Trump’s media company Announced plans To launch an ETF Bitcoin under the truth banner.fi. Meanwhile, World Liberty Financial – that Trump and his sons advise – Adding assets to his treasure While reassuring the community, it is “Do not sell” assets.
Edited by Andrew Hayward
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