TRUMP Token Faces Ethics Probe, Price Collapses From $75 to $11

May 06 2025 crypto


Trump reaffirms strong pro-crypto stance, citing global competition and resilience of digital assets. TRUMP token drops over 85% from its peak as RSI and MACD show bearish signals. Exclusive dinner announcement temporarily boosts token but drew bipartisan scrutiny. President Donald Trump is doubling down on his support for cryptocurrency, urging the U.S. to lead digital asset innovation or get left behind by global competitors like China. Speaking recently on NBC’s Meet the Press , Trump emphasized crypto’s resilience and importance. “Crypto is too important to ignore,” Trump said, calling out the Biden administration’s inconsistent stance on the asset class. Trump also downplayed personal gains from the Official TRUMP token, stating, “I haven’t even looked,” when asked if he would contribute crypto-related earnings. Ironically, despite Trump’s generally positive comments about crypto, the TRUMP token suffered a brutal crash, dropping over 85% from its all-time high of $75.35 to just above $11. Its market cap has shrunk to $2.2 billion, a stark contrast to the nearly $15 billion valuation it once commanded. Technical Analysis: TRUMP Token a… The post TRUMP Token Faces Ethics Probe, Price Collapses From $75 to $11 appeared first on Coin Edition .

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