Trump's meme coin (TRUMP) experienced a significant price drop after soaring past $70, facing competition from Melania Trump's own meme coin. Despite its potential for quick riches, analysts caution against investing at peak levels, citing concerns about volatility and centralization. Shiba Inu (SHIB) has also overtaken TRUMP in market capitalization, re-establishing itself as the second-largest meme coin.
Official Trump soared above $70 before dropping to around $50, facing competition from Melania Trump ’s meme coin., and its market cap has decreased to around $9.9 billion . For its part, SHIB outpaced it and became the second-biggest in the meme coin niche again.Despite its potential to make people rich overnight, some analysts think it “makes no sense” to buy TRUMP at its peak levels.
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TRUMP MEMECOIN SHIB ANALYST WARNING MARKET VOLATILITY
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