Former President Donald Trump evaluates his official meme coin as reflecting the political climate of the public, drawing attention by accepting it as a kind of 'leadership perception indicator'.
He shared a Newsmax report about his official meme coin Trump (TRUMP) through his social media platform 'Truth Social'. The article introduced claims that this coin serves as a barometer of political resilience and public perception, aligning with the views of some cryptocurrency industry figures.
However, the reality is somewhat different. While President Trump considers this meme coin an indicator of public evaluation, the market trend is not so optimistic. According to coin market data, TRUMP is currently trading at around $10, which is nearly an 85% drop from its peak of $73 recorded in January.
Moreover, concerns are raised that the planned token unlock of $520 million scheduled for July could further increase selling pressure and negatively impact the market price. Investors are responding to cold market signals beyond political symbolism.
Attention is focused on whether this statement will further strengthen Trump's efforts to actively use cryptocurrency as a political promotional tool.
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