The TRUMP meme coin has experienced a significant decline, plunging 40.88% in the past 24 hours. This crash has erased many of the gains the coin had previously made. Initially popular among investors, the token faced a steep decline after Donald Trump's presidential inauguration.
The market's hopes for a boost were dashed as whale activity played a significant role in the coin's downturn, shaking investor confidence. The sudden sell-off by whales, or large holders, has sparked fear among smaller investors, raising concerns about the coin's future stability.