The $TRUMP meme coin has fallen by 98% from its all-time high
This is according to TechCrunch.
The market value of the digital asset has fallen to $1.69, which is 98 per cent below its all-time high of $75.35.
The decline in the asset’s value came against the backdrop of changes to the regulatory landscape in the US. The Securities and Exchange Commission (SEC) has eased its policy towards the sector: the agency stated that it would not treat meme coins as securities and has withdrawn legal proceedings against companies in the sector.
According to Donald Trump’s published financial disclosure, his income from the sale of the $TRUMP token reached $636 million. This sum accounts for almost half of the total $1.4 billion he has received from the crypto industry.
Meanwhile, another crypto start-up linked to the current US president, World Liberty Financial, is also seeing the value of its own $WLFI token fall.
As a reminder, it was previously reported that a significant bet on Putin being removed from power had appeared on Polymarket.
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