TRUMP Token Plummets Over 80% Since January Peak Amid Insider Trading Allegations

The official TRUMP token launched with significant initial interest, rising from under $10 on January 18 to a peak of $74.59 by January 20. However, it quickly declined and was trading at $10 as of February 2.

Key points include:

Insider trading allegations surfaced as early investors profited before major exchange listings.
TRUMP's value plummeted over 80% since its peak, leaving many retail investors facing losses.
The Solana ecosystem suffered alongside TRUMP, with the native SOL token losing over 40% in value.
Pump.fun, a meme coin platform, reported decreased network activity and participation rates after a surge in launches prior to TRUMP's inauguration.

Market trends indicate waning interest in meme coins and speculative tokens following TRUMP's crash.