Trump meme coin can jump 4.27%, surpassing Bitcoin, Ethereum and Dogs, but still not having January highs – The benefits of unbreakable Grayscale Bitcoin Mini Trust (BTC) score (ARCA:BTC) Common Unit

this Trump’s official (Trump) coin has soared 4.27% in the past 24 hours to $1.850 with a market cap of $3.7 billion. Despite the short-term rally, Trump still fell 75.36% from his all-time high of $75.35, which he settled on January 19.

what happened: This dramatic decline was in a volatile market phase, which lost 42% of its value last week.

Meme coins, originally by CIC Numbersa group with connections to the president Donald TrumpWithin the days after its launch, the market value of nearly $75 billion reached an astonishing market value of nearly $75 billion.

But its rapid growth matches a sharp decline due to broader market conditions and Trump’s recent tariff announcements.

Despite the volatility, Trump has managed to maintain his position as one of the meme coins, even in the market cap rankings from No. 14 to No. 14, according to CoinMarketCap.

At the time of writing, Trump is the second best coin after FTX Token (FTT), according to CoinMarketCap. Trump surpasses Bitcoin BTC/USD,,,,, Ethereum ETH/USDand Meme-King Dog Doge/USD Within 24 hours.

See also: Stocks rebound, Google Eyes D REST declines over the year, gold breaks new records: What was driving the market on Wednesday?

Why it matters: Coins are also starting to see real-world use cases, with online businessmen and travel sites such as Travala accepting Trump as payments through Solana Pay.

The involvement of insiders who control the majority of the supply of coin supplies has raised concerns about potential market manipulation and its impact on price stability.

Price action: The Trump official coin is currently priced at $18.50, up 4.09% in the past 24 hours. According to CoinMarketCap, its growth has increased significantly by 171.24% since its inception.

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Disclaimer: This content was partially produced with the help of AI tools, and was edited by Benzinga for review and release.