.png)
TRUMP Token Tops XRP In Trading Volume Despite Sharp Decline
The post TRUMP Token Tops XRP In Trading Volume Despite Sharp Decline appeared on BitcoinEthereumNews.com. Este artículo también está disponible en español. A surprising twist within the crypto market has seen TRUMP token trading volume surpass XRP, with a massive price correction. This behavior of the market in a very unpredictable manner points to the fact that the crypto space is quite unpredictable and that speculative tokens often see tremendous trading activity swings, even as their prices plummet. The trading volume surge by the TRUMP token is more interesting in this scenario of high volatility and uncertainty. Related Reading Speculation Fuels TRUMP Token’s Rally Despite its sharp decline in price (down 16% in the last 24 hours), the TRUMP token managed to outdo XRP in trading volume. The rally in trading activity in TRUMP’s token has piqued the interest of the entire cryptocurrency community, with speculation pointing towards a very strong reaction of traders to the token, probably fueled by its political branding or hype around its speculative nature. Donald Trump, the 47th president of the United States, launched the meme coin Official Trump (TRUMP), which is based in Solana, over the weekend. Its price immediately reached highs close to $80, indicating that it was a huge success at launch. At the time of writing, TRUMP was trading at $35.69, with a 24-hour trading volume surpassing XRP’s. In particular, according to CoinMarketCap data, the meme coin has experienced $8.7 billion in trade activity, compared to XRP’s $8.3 billion. Since its inception on January 17, TRUMP has experienced an incredible $38 billion in trade activity, according to CryptoQuant data released on Wednesday. Notably, big sell-offs as momentum cools are probably the cause of the recent price’s sustained high trading volume. According to Dexscreener data, sale volume has recently surpassed buy volume. Source: Dexscreener Meanwhile, XRP keeps growing steadily, while holding the number one spot of the…
The post TRUMP Token Tops XRP In Trading Volume Despite Sharp Decline appeared on BitcoinEthereumNews.com.
Este artículo también está disponible en español. A surprising twist within the crypto market has seen TRUMP token trading volume surpass XRP, with a massive price correction. This behavior of the market in a very unpredictable manner points to the fact that the crypto space is quite unpredictable and that speculative tokens often see tremendous trading activity swings, even as their prices plummet. The trading volume surge by the TRUMP token is more interesting in this scenario of high volatility and uncertainty. Related Reading Speculation Fuels TRUMP Token’s Rally Despite its sharp decline in price (down 16% in the last 24 hours), the TRUMP token managed to outdo XRP in trading volume. The rally in trading activity in TRUMP’s token has piqued the interest of the entire cryptocurrency community, with speculation pointing towards a very strong reaction of traders to the token, probably fueled by its political branding or hype around its speculative nature. Donald Trump, the 47th president of the United States, launched the meme coin Official Trump (TRUMP), which is based in Solana, over the weekend. Its price immediately reached highs close to $80, indicating that it was a huge success at launch. At the time of writing, TRUMP was trading at $35.69, with a 24-hour trading volume surpassing XRP’s. In particular, according to CoinMarketCap data, the meme coin has experienced $8.7 billion in trade activity, compared to XRP’s $8.3 billion. Since its inception on January 17, TRUMP has experienced an incredible $38 billion in trade activity, according to CryptoQuant data released on Wednesday. Notably, big sell-offs as momentum cools are probably the cause of the recent price’s sustained high trading volume. According to Dexscreener data, sale volume has recently surpassed buy volume. Source: Dexscreener Meanwhile, XRP keeps growing steadily, while holding the number one spot of the…
What's Your Reaction?
