TRUMP memecoin retreats after 90% rally as profit-taking hits

The Official Trump memecoin pulled back after a 90 percent rally in just over a week, trading at $2.25 as of Aug. 27.

The token remains more than 96 percent below its all-time high of $73 set in January 2025, according to CoinGape data. Its circulating supply stands at 250.87 million tokens out of a total supply of 1 billion.

The pullback comes as the broader crypto market shows mixed signals. Solana climbed 7.5 percent to $103 on record network activity of 1.32 billion transactions between Aug. 17 and 23, while Bitcoin traded near $79,600 after a 23.6 percent weekly gain. The TRUMP token's market cap stands at $563.37 million with 24-hour trading volume of $326.2 million.

Traders are watching whether TRUMP can hold support above $2.00 after the correction. The token's 30-day range spans $1 to $4, reflecting the extreme price swings that have characterized its trading since launch. A break below $2.00 could trigger further downside, while a rebound above $2.50 would signal renewed buying interest.

The rally and subsequent correction highlight the volatility of political-themed memecoins, which have drawn retail traders seeking outsized returns. The token's 90 percent surge in just over a week attracted significant speculative interest before profit-taking set in. The Official Trump token launched in January 2025 and quickly became one of the most prominent political-themed cryptocurrencies, reaching an all-time high of $73 shortly after its debut.

The broader memecoin sector has shown divergent performance. Mog Coin, an Ethereum-based meme token, gained 17.15 percent over the past seven days with a market cap of $46.87 million, while Aioz Network, a DePIN platform token, rose 13.82 percent in the same period. These contrasting moves suggest that memecoin traders are rotating between tokens rather than exiting the sector entirely.

The TRUMP token's price swings mirror the wider crypto market's sensitivity to macro conditions. Bitcoin's recent rally was driven by the U.S. Treasury's decision to double its buybacks of longer-maturity government bonds from $2 billion to $4 billion a month, according to analysts cited by Morningstar. Solana's weekly gain was supported by new on-chain governance proposals aimed at tightening SOL's supply through faster disinflation and higher fee burns.

For TRUMP holders, the key question is whether the token can establish a higher low above $2.00. The token's all-time high of $73 remains far out of reach, and the current price represents a decline of more than 96 percent from that peak. Political-themed tokens face unique risks, including regulatory scrutiny and the potential for sentiment to shift rapidly based on political developments. The token's 7-day range of $2 to $4 shows the magnitude of recent swings, and traders will be watching whether the pullback extends or finds support at current levels.

This article is for informational purposes only and does not constitute investment advice.