{"id":66235,"date":"2024-08-06T09:00:21","date_gmt":"2024-08-06T09:00:21","guid":{"rendered":"https:\/\/coinjournal.net\/?p=218042"},"modified":"2024-08-06T09:00:21","modified_gmt":"2024-08-06T09:00:21","slug":"crypto-meltdown-sends-trumpcoin-djt-crashing-over-90","status":"publish","type":"post","link":"https:\/\/coinalsat.com\/en\/crypto-meltdown-sends-trumpcoin-djt-crashing-over-90\/","title":{"rendered":"Crypto meltdown sends TrumpCoin (DJT) crashing over 90%"},"content":{"rendered":"\n<ul>\n<li>TrumpCoin crashed by 95%, plummeting from $0.00555 to a low of $0.0001203.<\/li>\n<li>Trading volume surged by 169%, reaching $8.91 million despite the price drop.<\/li>\n<li>Controversy surrounds TrumpCoin&#8217;s origins, with claims involving Donald Trump denied.<\/li>\n<\/ul>\n<p>In a dramatic turn of events, TrumpCoin (DJT), a Solana-based meme coin using former President Donald Trump&#8217;s name and image, has experienced a steep price drop. The token&#8217;s value plummeted by 95%, falling from $0.00555 to a low of $0.0001203 before recovering to around $0.00042 at press time.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-218045\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2024\/08\/TrumpCoin-price-chart.png\" alt=\"TrumpCoin (DJT)\" width=\"1379\" height=\"648\"><\/p>\n<p>Despite the massive price drop, trading activity for TrumpCoin surged. Data from Coinmarketcap reveals a 169% increase in trading volume, which stood at $8.91 million at press time.<\/p>\n<p>While some may link the surge in trading activity to investors trying to offload their holdings, the total value locked (TVL) in TrumpCoin stands at approximately $23.1 million, reflecting ongoing investor interest despite the sharp price decline.<\/p>\n<h2>Why has TrumpCoin crashed?<\/h2>\n<p>The broader crypto market downturn significantly influenced TrumpCoin&#8217;s fall. A large-scale sell-off in the crypto market saw <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/bitcoin\/what-is-bitcoin\/\">Bitcoin<\/a> and <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/ethereum\/what-is-ethereum\/\">Ethereum<\/a> prices drop by 10% and 18%, respectively, erasing at least $500 billion from the market capitalization within three days.<\/p>\n<p>The equity markets were also affected, with the S&amp;P 500 falling 4.4%, driven by weak employment data and disappointing earnings from major tech firms.<\/p>\n<p>Prior to the current market turmoil, Martin Shkreli, infamously known as &ldquo;Pharma Bro,&rdquo; claimed his involvement in creating TrumpCoin, sparking rumours that the project had official ties to Donald Trump.<\/p>\n<p>Shkreli alleged that Trump and his son Barron were behind the memecoin, a claim that Roger Stone, a close aide to Trump, vehemently denied. This controversy led to over $6.3 million in bets on the authenticity of TrumpCoin on the crypto betting site Polymarket.<\/p>\n<p>Despite reaching an all-time high of $0.01806 in June 2024, TrumpCoin has faced a steep decline, marking an all-time low of $0.0001203 on August 6, 2024.<\/p>\n<p>The meme coin situation remains fluid amid the ongoing cryptocurrency meltdown and the controversy around who is behind the meme coin.<\/p>\n<p>The post <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/crypto-meltdown-sends-trumpcoin-djt-crashing-over-90\/\">Crypto meltdown sends TrumpCoin (DJT) crashing over 90%<\/a> appeared first on <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\">CoinJournal<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"\n<p>TrumpCoin crashed by 95%, plummeting from $0.00555 to a low of $0.0001203. Trading volume surged by 169%, reaching $8.91 million despite the price drop. Controversy surrounds TrumpCoin&#8217;s origins, with claims involving Donald Trump denied. In a dramatic turn of events, TrumpCoin (DJT), a Solana-based meme coin using former President Donald Trump&#8217;s name and image, has [&#8230;]<\/p>\n<p>The post <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/crypto-meltdown-sends-trumpcoin-djt-crashing-over-90\/\">Crypto meltdown sends TrumpCoin (DJT) crashing over 90%<\/a> appeared first on <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\">CoinJournal<\/a>.<\/p>\n","protected":false},"author":5,"featured_media":66236,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[48,43],"tags":[],"class_list":["post-66235","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","category-crypto-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Crypto meltdown sends TrumpCoin (DJT) crashing over 90% - CoinAlSat.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinalsat.com\/en\/crypto-meltdown-sends-trumpcoin-djt-crashing-over-90\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto meltdown sends TrumpCoin (DJT) crashing over 90% - CoinAlSat.com\" \/>\n<meta property=\"og:description\" content=\"TrumpCoin crashed by 95%, plummeting from $0.00555 to a low of $0.0001203. Trading volume surged by 169%, reaching $8.91 million despite the price drop. Controversy surrounds TrumpCoin&#8217;s origins, with claims involving Donald Trump denied. In a dramatic turn of events, TrumpCoin (DJT), a Solana-based meme coin using former President Donald Trump&#8217;s name and image, has [&#8230;] The post Crypto meltdown sends TrumpCoin (DJT) crashing over 90% appeared first on CoinJournal.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinalsat.com\/en\/crypto-meltdown-sends-trumpcoin-djt-crashing-over-90\/\" \/>\n<meta property=\"og:site_name\" content=\"CoinAlSat.com\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/coinalsat1\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-06T09:00:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2024\/08\/TrumpCoin-price-chart.png\" \/>\n<meta name=\"author\" content=\"Author\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Author\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/crypto-meltdown-sends-trumpcoin-djt-crashing-over-90\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/crypto-meltdown-sends-trumpcoin-djt-crashing-over-90\\\/\"},\"author\":{\"name\":\"Author\",\"@id\":\"https:\\\/\\\/coinalsat.com\\\/#\\\/schema\\\/person\\\/6fa35040f9ef4ae108188eaeb3ef441b\"},\"headline\":\"Crypto meltdown sends TrumpCoin (DJT) crashing over 90%\",\"datePublished\":\"2024-08-06T09:00:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/crypto-meltdown-sends-trumpcoin-djt-crashing-over-90\\\/\"},\"wordCount\":340,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/coinalsat.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/crypto-meltdown-sends-trumpcoin-djt-crashing-over-90\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/coinalsat.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/crypto-meltdown-sends-trumpcoin-djt-crashing-over-90.png\",\"articleSection\":[\"Blockchain\",\"Crypto Currency News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/coinalsat.com\\\/en\\\/crypto-meltdown-sends-trumpcoin-djt-crashing-over-90\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/crypto-meltdown-sends-trumpcoin-djt-crashing-over-90\\\/\",\"url\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/crypto-meltdown-sends-trumpcoin-djt-crashing-over-90\\\/\",\"name\":\"Crypto meltdown sends TrumpCoin (DJT) crashing over 90% - 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Trading volume surged by 169%, reaching $8.91 million despite the price drop. Controversy surrounds TrumpCoin&#8217;s origins, with claims involving Donald Trump denied. In a dramatic turn of events, TrumpCoin (DJT), a Solana-based meme coin using former President Donald Trump&#8217;s name and image, has [&#8230;] The post Crypto meltdown sends TrumpCoin (DJT) crashing over 90% appeared first on CoinJournal.","og_url":"https:\/\/coinalsat.com\/en\/crypto-meltdown-sends-trumpcoin-djt-crashing-over-90\/","og_site_name":"CoinAlSat.com","article_publisher":"https:\/\/www.facebook.com\/coinalsat1","article_published_time":"2024-08-06T09:00:21+00:00","og_image":[{"url":"https:\/\/coinjournal.net\/wp-content\/uploads\/2024\/08\/TrumpCoin-price-chart.png","type":"","width":"","height":""}],"author":"Author","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Author","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/coinalsat.com\/en\/crypto-meltdown-sends-trumpcoin-djt-crashing-over-90\/#article","isPartOf":{"@id":"https:\/\/coinalsat.com\/en\/crypto-meltdown-sends-trumpcoin-djt-crashing-over-90\/"},"author":{"name":"Author","@id":"https:\/\/coinalsat.com\/#\/schema\/person\/6fa35040f9ef4ae108188eaeb3ef441b"},"headline":"Crypto meltdown sends TrumpCoin (DJT) crashing over 90%","datePublished":"2024-08-06T09:00:21+00:00","mainEntityOfPage":{"@id":"https:\/\/coinalsat.com\/en\/crypto-meltdown-sends-trumpcoin-djt-crashing-over-90\/"},"wordCount":340,"commentCount":0,"publisher":{"@id":"https:\/\/coinalsat.com\/#organization"},"image":{"@id":"https:\/\/coinalsat.com\/en\/crypto-meltdown-sends-trumpcoin-djt-crashing-over-90\/#primaryimage"},"thumbnailUrl":"https:\/\/coinalsat.com\/wp-content\/uploads\/2024\/08\/crypto-meltdown-sends-trumpcoin-djt-crashing-over-90.png","articleSection":["Blockchain","Crypto Currency News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/coinalsat.com\/en\/crypto-meltdown-sends-trumpcoin-djt-crashing-over-90\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/coinalsat.com\/en\/crypto-meltdown-sends-trumpcoin-djt-crashing-over-90\/","url":"https:\/\/coinalsat.com\/en\/crypto-meltdown-sends-trumpcoin-djt-crashing-over-90\/","name":"Crypto meltdown sends TrumpCoin (DJT) crashing over 90% - 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