The value of Trump’s memecoin has dropped more than 75% since inauguration

In just two weeks, the $TRUMP token has taken a tumble.

Donald Trump drew plenty of criticism by launching his own branded memecoin three days before his inauguration, including from the crypto community which argued he was making a mockery of the crypto world by tying himself to the memecoin world, which could damage efforts to make crypto reforms. And so, in the two-plus weeks since he has taken office, the value of the Trump coin has dropped precipitously.