Add as a preferred source on GoogleOfficial Trump Falls to $1.13, Extending Peak Loss to 98.56%
At $1.13, a $10,000 purchase at the token’s peak would be worth about $144. The drop coincided with weaker crypto sentiment and rising oil prices.
Official Trump (TRUMP) reached an all-time low of $1.13, leaving the token down 98.56% from its peak as broader indicators pointed to weakening U.S. crypto demand and rising inflation pressure.
TRUMP reached a new low of $1.13, undercutting its previous $1.22 record, detailed in coverage of the token’s prior all-time low. At $1.13, a $10,000 purchase at the token’s peak would be worth about $144.
The crypto market fell 9% in October. Bitcoin’s Coinbase Premium Index was negative, indicating weaker demand from U.S. investors. Oil prices rose 9% in September and another 15% in October; monthly inflation increased 0.3% in September.
The Crypto Fear and Greed Index dropped from 50 to 29 in less than a week. At 29, it stood four points above the extreme-fear threshold. The indicators point to weaker sentiment but do not establish a single cause for TRUMP’s decline.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.