The coin was among the most popular during the past period and finally proved to be a big bubble. This cryptocurrency has fallen 20% in the last 24 hours. it had been holding for some time up until the price reached $26, but this is not a regular drop. This actually serves as a warning to everybody who decided that meme coins might become some sort of safe investment haven.
Meme coins, since their very appearance, were just an idea for fun, and the subject started with Dogecoin, which was literally a "joke" on the internet, but it succeeded due to support from people like Elon Musk. But the basic idea behind these coins is that they have no real value or strong project behind them, and this is what we always warn against. So, when you come to invest, you have to ask yourself: What value does this coin offer? The answer for meme coins often is "nothing."
The fall of TRUMP coin also shows that the TRUMP coin is not a stable coin, it also reflects a condition of market during this period. In crypto market lots of people for the sake of a quick profit enters into it but fact is who profited first those are the only investors and exited before the breakdown of the market, and remaining? Lost everything.
The important lesson which you get whenever you see coins like TRUMP go this way: while meme coins are attractive, nice-looking stories of big profits attract, but in the real sense they are closer to gaming than investment.
What happened with TRUMP was foreseen: the market doesn't keep tolerating currencies without real value for so long. Today, impulsiveness and lack of investment awareness make people lose their money. That's why we always say: before putting your money into something, do a good research and ask yourself what exactly you're investing in.
TRUMP and other meme coins can be fun, but you should not count on them for profit. If you want to invest in crypto, then focus on strong projects, with a clear goal. If you want to play, keep in mind that you might lose everything.
