Official Trump ($TRUMP), the new meme coin introduced by President Donald Trump on the Solana blockchain, has experienced a significant decline in value following his inauguration into the White House.
The price fell from $74 to just $37.30, a 20.8% drop within the last 24 hours. Meanwhile, whales are capitalizing on the TRUMP price decline.
As reported by lmk.fun (a platform that records significant activities on the Solana blockchain), large wallets, often called “whales,” are actively acquiring the TRUMP tokens at its current price. These investors’ actions suggest they are confident of the token’s long-term viability.
Although the reasons for the token’s sudden price drop remain unclear, its decline coincided with the crypto community’s unmet expectations during the President’s inauguration speech on Monday, Jan. 20. Industry players had anticipated that the 47th US President would announce new developments favoring the crypto sector during the inaugural address.
However, he did not reference cryptocurrency during his 30-minute address.
The lmk.fun platform noted that a whale spent 7.06 million USDC earlier today to acquire 207,870 TRUMP tokens for $34 each. The platform also reported that another whale spent 3.167 million USDC to acquire 99,530 of the same tokens at $31.80 per token.
The actions of both investors coincided with a decline in the coin’s value. The meme coin’s metrics indicate that it is one of the most volatile assets among other meme coins within the last three days, experiencing surges of several thousand percent within a brief period.
On Jan. 19, the token’s market capitalization surged to $14.5 billion, exceeding that of notable cryptocurrencies such as TRON (TRX), Stellar (XLM), Sui (SUI), and Bitcoin Cash (BCH). However, current CoinGecko data shows that its market cap is $7.6 billion, an almost 50% drop from its peak.
The meme coin’s market cap decline could have contributed to the 4.9% Solana meme market cap decline.
Noida, India, Jun 27, 2026, ZEX PR WIRE — Manish Kumar, Founder of Leadsforge Tech, is marking 10…
Cenk Uzunkaya says more clients are seeking help after viral attention leads to lasting challenges…
Serial entrepreneur Shelton Powell, founder of Cart Capital in Florida, is calling for stronger operational…
Nicholas Mastriaco, Business CS Specialist I at AT&T Business Mobility in Greensboro, North Carolina, on…
Georgian Mall Family Dental in Barrie, Ontario, built a growing practice around preventive care and…
Manuel Rivera, housing advocate and GMHC board leader from New York, explains why local action…