Donald Trump-linked meme coin crashes 97% from hype peak, hits fresh all-time low

A meme coin associated with Donald Trump, TRUMP, plunged 97% from its recent peak, reaching a new all-time low amid fading retail speculation and declining on-chain activity. The collapse reflects a broader pullback in crypto-based political sentiment trades and reduced risk appetite for low-liquidity, high-volatility assets. This sharp correction has also weighed on related tokens like TIME, which saw correlated selling pressure due to shared investor bases and similar speculative dynamics. Traders are now focusing on upcoming U.S. election sentiment indicators and on-chain volume trends to assess potential rebounds in politically themed cryptocurrencies.

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