Complete Gate Post tasks to upgrade your rank

Credit Ranking

[//]:content-type-MARKDOWN-DONOT-DELETE
TRUMP token is a cryptocurrency with the newly elected US President Donald Trump as the theme. The emergence of TRUMP token is related to Trump himself and his supporters' interest in cryptocurrencies. During Trump's first term as president, there have been some cryptocurrency projects based on him, but most of them are small in scale and have not attracted widespread attention.

![](https://gimg2.gateimg.com/image/article/1738742538trump.jpeg)

## TRUMP Token and MELANIA Token

At 10:00 am Beijing time on January 18th, Trump announced the launch of his official personal Meme coin, TRUMP token, through his social media platform Truth Social. Even during the weekend, this news still stimulated the entire cryptocurrency community. TRUMP's market value soared to about $2 billion in less than 30 minutes, and eventually broke through the $30 billion mark that evening. On January 19th, the TRUMP token experienced a major outbreak, with the highest price reaching $78 on the Gate.io platform, and the market value reaching $78 billion, briefly entering the top 10 in the market.

Shortly after that, on the early morning of January 20th, Trump's wife Melania also announced the launch of her personal official Meme Coin MELANIA, attracting a large amount of market capital. Within a few hours, MELANIA's market value reached a peak of $13 billion, with a trading volume of $18.2 billion.

And at 1 a.m. on January 21, after Trump was officially sworn in as President of the United States, TRUMP plummeted nearly 50% within the day, approaching the $30 mark at one point. As of the time of writing, TRUMP meme coin is priced at $17.62 on the Gate.io platform, a drop of nearly 80% from its historical high of $78.1. The current circulating supply of TRUMP is only 20%, with a market cap of $3.52 billion and a total market cap of $17.62 billion.

## TRUMP Token Market Analysis

### Trading data

- Current price: 17.636 USDT
- 24h Change: 0.88%
- 24-hour highest price: 18.464 USDT
- 24-hour lowest price: 16.32 USDT
- 24h Trading Volume: 5,344,606.4 TRUMP
- 24-hour net capital outflow: -6,089,209 USDT
- Support level: 16.773 USDT
- Resistance level: 18.465 USDT
- Market sentiment index: 54 (Neutral)

### Trading Strategy Advice

#### Strategy 1: Short-Term Long Strategy

- Direction: Bullish
- Entry Price: 17.650 USDT (slightly higher than the current price)
- Stop-loss level: 16.750 USDT (below the support level)
- Target price: 18.400 USDT (near resistance level)

Reasons and Features: The current market sentiment is neutral, and the price is close to the support level, indicating a potential rebound in the short term. The outflow of funds is slightly higher than the inflow, but overall trading volume is large, indicating market activity. The target price is near the resistance level, suitable for short-term trading.

#### Strategy 2: Short-term bearish strategy

- Direction: Bearish
- Entry price: 18.400 USDT (near resistance level)
- Stop Loss level: 18.600 USDT (above the resistance level)
- Target price: 17,000 USDT (lower than the current price)

Reason and characteristics: The price is close to the resistance level and there may be a pullback. The outflow of funds is relatively large, indicating that there may be selling pressure in the market. The target price is set at 17,000 USDT, considering market volatility, which is suitable for short-term trading.

## Future Outlook

The launch and market performance of TRUMP token have attracted widespread attention, not only because it is closely associated with Trump's personal brand and political image, but also because it represents the emerging trend of 'politics + cryptocurrency'. TRUMP token is not just a cryptocurrency, but also a part of the Trump brand, representing a specific political and cultural symbol.

As a type of memes, the political symbols and influence of figures behind the TRUMP token may become its long-term support. However, the future of the TRUMP token highly depends on the continuous attention and influence of Trump and his supporters on cryptocurrency. From the current market reaction, the TRUMP token may continue to face drastic fluctuations. In the short term, investors should operate cautiously and pay attention to market sentiment and capital <a href="/id/price/flow-flow" target="_blank" class="blog_inner_link">flow</a> trends. In the long run, the TRUMP token may rely on Trump's political movements and the changing attitudes of his supporters towards cryptocurrency.

<div class="blog-details-info">
<div>Author: **Icing**, Gate.io Researcher
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions. Investment involves risks and users need to make careful decisions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

简体中文

English

日本語

福利中心

小红花-Learn & Explore-博客

小红花-Learn & Explore-快讯

币圈-币圈-未来事件

小红花-Learn & Explore-聊天室

小红花-Learn & Explore-直播

小红花-Learn & Explore-动态

币圈

Gate OTC

芝麻金融-更多-财富管理

机构-APIs

机构-大宗交易服务

机构-经纪商项目

全球做市商计划

机构-托管和资产管理

机构借贷

机构-做市商项目

小红花-Promotions-机构和VIP服务

量化基金

机构-基础架构

机构-交易

机构-金融

结构化产品

机构-主页

衍生品-统一账户

芝麻金融-更多-抵押借币

vip服务

机构

策略跟单

现货跟单

交易-合约跟单

跟单

量化策略-探索

量化策略-进阶

量化策略-基础

交易-机器人广场

创建机器人

探索机器人

杠杆网格

无限网格

期现套利

组合指标策略

智能调仓

现货马丁格尔

合约网格

现货网格

交易机器人

芝麻金融-更多-ETH2.0挖矿

芝麻金融-更多-法币理财

链上赚币

芝麻金融-理财-双币宝

芝麻金融-理财-定期理财(屯币)

芝麻金融-理财-结构性理财

芝麻金融-理财-理财宝

芝麻金融-理财-余币宝

GT挖矿

芝麻金融-更多（理财产品）

芝麻金融-理财（打新）

launchpool

launchpad

赚币-HODLer Airdrop

candy_drop

web3 Airdrop

赚币

模拟交易

衍生品-期权

衍生品-交割合约

衍生品-永续合约

合约入门

合约活动

衍生品

交易-杠杆ETF

交易-杠杆交易

交易-闪兑

交易-现货交易

交易-创新交易

交易-交易工具

交易-交易类型

交易-盘前交易

交易

行情

买币-gateCard

卖币

买币-快捷交易

买币

买币-paywith

法币定投

小红花-推广

新手指南

活动中心

小红花-Learn & Explore-学院

小红花-Exchange-最新公告

小红花-Exchange-帮助中心

gate商店

小红花-Promotions-邀请计划

小红花-promotions-代理商

储备金

合作伙伴

cextg小程序

小红花

web3

The TRUMP meme token has fallen below $20. Is it still a good time to buy TRUMP tokens now?