Did Trump Issue a Coin? Those 3 Chest Coins First Flew, Then Crashed!

The cryptocurrency market has been abuzz lately with massive sales in Trump-related coins and rumors that former US President Donald Trump is planning to launch his own chest coin project. These developments worry both investors and those who follow the cryptocurrency industry closely.

Decrease in the price of meme coin MAGA

The price of MAGA (TRUMP), which is identified with Trump and has become a well-known breast coin, lost 31.93% in the last 24 hours and fell to $ 7.67. The reason behind this decline lies in the fact that large investors, known as whales, are selling their cryptocurrencies. According to CoinMarketCap information, the profit rates earned by the whales, who have recently disposed of a significant amount of TRUMP token, are astonishing.

• 0x52C0:He sold 171,842 TRUMP tokens for $1.44 million, making a profit of $3.7 million (approximately 1428% return).
• sighduck.eth:He sold 173,542 TRUMP tokens for $1.25 million, making a profit of $1.88 million (approximately 1500% return).
• 0x35D1:He sold 128,059 TRUMP tokens for $703,600, making a profit of $648,000 (approximately 1164% return).

These high-volume sales created a domino effect and led to a large-scale sales wave in the market. The desire of investors to realize their profits and the atmosphere of uncertainty created by TrumpCoin rumors are seen as the main factors that drag down the price of MAGA coin.

DJT Coin rumors unsettled the market

Adding to the turmoil in the market were rumors that Donald Trump was planning to launch an official cryptocurrency called TrumpCoin on the Solana blockchain. This new coin, which is expected to have the ticker DJT, has caused concern, especially among investors who hold TRUMP and other Trump-related chest coins. This development led many investors to re-evaluate their positions and sell their assets.

The impact of the DJT rumors was not limited to TRUMP alone. Other Trump-themed coins such as Tremp (TREMP) also experienced significant declines. TREMP lost 32% in value, reflecting overall market volatility in Trump-themed tokens.

Is DJT Coin really related to Trump?

The reality behind DJT coin still raises doubts. While some experts think that the token may be in contact with Trump, others say it may be a scam. Investors betting on cryptocurrency betting platform Polymarket see only a 7% chance that Trump will issue a token by Friday.

If the DJT coin rumors are true, they could have significant impacts on the cryptocurrency market, especially tokens associated with political figures. Experts warn that if DJT becomes real, it could negatively affect the market value of SOL coins. On the other hand, if the token is a scam, it is predicted that it may damage Solana’s prestige and cause a decrease in SOL coin prices.