Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    Will EU Sanctions Cut Off Ruble Stablecoin Flows Into Bitcoin?
    NewsBitcoinCryptoMarket

    Will EU Sanctions Cut Off Ruble Stablecoin Flows Into Bitcoin?

    Reports have emerged that the European Union is moving to sanction A7A5…

    By
    Jane Omada Apeh
    October 8, 2025
    Michael Saylor
    NewsBitcoinCryptoMarket
    Strategy’s $80B Bitcoin Holding Signals a New Corporate Era as BTC Smashes Records
    October 8, 2025
    image 109
    NewsCryptoSponsored Article
    Pepe ($PEPE) Price Prediction: Can It Reach $0.000013 by 2030 as This Top Meme Coin Presale 2025 Targets Explosive ROI?
    October 8, 2025
    image 102
    NewsCryptoSponsored Article
    $HYPE and $SUI Trade Flat While MoonBull’s Presale Stage 4 Unlocks $5K-to-$595K Potential – Top Crypto Opportunities 2025
    October 8, 2025
    image 113
    CryptoNewsSponsored Article
    As HYPE Falls and Aster Expands, BullZilla’s 70% Yield Defines the High APY Cryptos to Stake This Year
    October 8, 2025
  • Cryptocurrency
    Will EU Sanctions Cut Off Ruble Stablecoin Flows Into Bitcoin?
    Will EU Sanctions Cut Off Ruble Stablecoin Flows Into Bitcoin?
    7 Min Read
    Michael Saylor
    Strategy’s $80B Bitcoin Holding Signals a New Corporate Era as BTC Smashes Records
    5 Min Read
    image 109
    Pepe ($PEPE) Price Prediction: Can It Reach $0.000013 by 2030 as This Top Meme Coin Presale 2025 Targets Explosive ROI?
    7 Min Read
    image 102
    $HYPE and $SUI Trade Flat While MoonBull’s Presale Stage 4 Unlocks $5K-to-$595K Potential – Top Crypto Opportunities 2025
    9 Min Read
    image 113
    As HYPE Falls and Aster Expands, BullZilla’s 70% Yield Defines the High APY Cryptos to Stake This Year
    11 Min Read
    image 101
    Best Crypto Presale: Could MoonBull Be the Best New Coin to Join Today as Floki Grows and Pepe Upgrades Dominate October?
    8 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: Trump’s Victory Hits These Altcoins Hard! Over 50% Decline in Value
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > News > Trump’s Victory Hits These Altcoins Hard! Over 50% Decline in Value
News

Trump’s Victory Hits These Altcoins Hard! Over 50% Decline in Value

the decline of altcoins in the cryptocurrency market. Show symbols of various altcoins with downward arrows and a financial
Thalia Galanis
Last updated: November 7, 2024 1:40 pm
By
Thalia Galanis
Published November 7, 2024
3 Min Read
Share

Donald Trump’s 2024 U.S. election victory has sparked significant movement in the crypto market, with notable gains in Bitcoin and Ethereum. In the past 24 hours, the total market value reached $2.52 trillion, with trading volume hitting $174 billion, drawing in investor interest. However, Trump-themed memecoins did not experience the same upward momentum; instead, these tokens faced substantial declines.

Contents
  • Trump Memecoins Suffer 50% Loss in Value
  • Intense Selling Pressure on Trump Tokens
  • Shift Toward Major Cryptocurrencies
  • Uncertain Future for Trump Memecoins

Trump Memecoins Suffer 50% Loss in Value

Following Trump’s election win, Bitcoin saw the biggest boost, reaching an all-time high of $76,460. While major altcoins followed this trend, Trump-themed memecoins experienced sharp declines. Despite the general market upswing, investors remain skeptical about the future of these Trump tokens.

Intense Selling Pressure on Trump Tokens

Tokens like MAGA, TRUMP, DMAGA, and STRUMP faced a dramatic sell-off after the election. The TRUMP token fell from its post-election peak of $4.6 to $2.22. Meanwhile, DMAGA experienced an even steeper drop, from $0.020 to $0.0054, leaving investors disappointed by the rapid value loss.

Shift Toward Major Cryptocurrencies

According to Arkham Intelligence, Trump holds about $1.33 million worth of TRUMP tokens. While crypto analysts suggested this stake might bring a positive outlook for Trump-themed tokens, the market’s current preference for larger cryptocurrencies has driven these tokens down. Investors seem to be focusing on more stable assets like Bitcoin and Ethereum, viewing them as safer, long-term investments.

Uncertain Future for Trump Memecoins

Investor interest in major cryptocurrencies has heightened the selling pressure on Trump memecoins, resulting in significant value loss. TRUMP token alone fell by 27.3% due to intense selling pressure. As the market gravitates toward leading cryptocurrencies, Trump-themed tokens may face continued volatility. However, if the selling pressure eases, these tokens could potentially see a rebound.

As crypto market fluctuations continue, the future of Trump memecoins remains uncertain. Changing market dynamics and investor preferences will likely shape the long-term performance of these tokens. For now, investors are favoring major cryptos, leaving Trump-themed tokens on the sidelines.

Stay updated with Dey There for more insights into the shifting crypto landscape.

Trump memecoins, Bitcoin, Ethereum, market volatility, selling pressure

Advertising

For advertising inquiries, please email . [email protected] or Telegram

Bitcoin’s Adoption Is 43% Faster Than Mobile Phones: Will Armstrong’s 2030 Prediction Come True?

Elon Musk Cries For Help—Is a U.S. Financial Crisis Ahead?

Breaking! SEC Drops Lawsuits Against Kraken, ConsenSys, and Cumberland

Dogecoin Whales Move $30 Million in DOGE: What Does It Mean for the Market?

4 Top Cryptos to Join in 2025 Revealed: Hidden Gems With the 100x Growth Potential

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
Previous Article JPMorgan Predicts Strong Performance for Gold and Bitcoin Following Trump Victory
Next Article Top Performing Cryptos to Buy in November 2024 Best Cryptos to Join in November 2024: The Ultimate List of Must-Have Coins Before They Surge!
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Subscribe to our newslettern

Get Newest Articles Instantly!

Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production
crypto 2024 1200x720
Decentralized Identity Emerges as a Catalyst for Data Privacy Renaissance
space
Tech Giant Announces Breakthrough in Quantum Computing
worldwide protest
Worldwide Protests Demand Action on Climate Change
global
Global Economic Forecast Reveals Slow Recovery Post-Pandemic
solar power
Revolutionary Solar Power Technology Unveiled

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English
  • Português (Portuguese)