Trump’s Team Generates $802 Million from TRUMP Token Despite Price Drop
Donald Trump has generated $802 million from the launch of his meme coin, the Official Trump #TRUMP token, on January 18. The token's current price is $16.96, having dropped 6% in the last 24 hours.
- Trump's team transferred $482 million in USDC, Solana, and TRUMP to major exchanges, indicating potential sales.
- The team holds $240 million in USDC liquidity positions and $50 million in active liquidity.
- Fees generated exceed $29.3 million, while the total value of TRUMP tokens held is approximately $16 billion.
- TRUMP’s initial launch raised more funds than Bored Ape’s Otherside project, which collected $285 million.
TRUMP Price Analysis
The TRUMP token is down 77.22% from its all-time high of $75.35. It has struggled to maintain a price above $30 since late January despite a trading volume of $2.9 billion.
- The Relative Strength Index (RSI) is at 31.23, indicating potential oversold levels.
- The price is testing support at $17.16, with resistance near $25.
Source: TradingView