Crypto
Official Trump Memecoin Plunges Amid $13M Liquidation Wave
The Official Trump memecoin has experienced extreme volatility over the past day, surging 10.2% to $3.06 before retracing to $2.7 at press time.
The sudden price increase was triggered by investors who were tricked into believing that GOLD, a recently launched token, was actually Official Trump 2.0.
However, after the team behind GOLD was accused of a rug pull, sentiment flipped sharply, and $TRUMP plummeted by $2.6 before recovering slightly to $2.7.
The price volatility triggered a wave of liquidations, with over $13.57 million in total liquidations recorded on CoinGlass, indicating heightened market risk.