Crypto News: Trader Loses $207,000 on Trump Meme Coin Hype in One Hour

Data tracked by Lookonchain and Solscan shows the individual purchased $5 million worth of TRUMP tokens with USDC following Trumps statement.

But the market‘s excitement faded fast. Within an hour, the token’s price dropped, forcing the trader to sell at a significant loss.

Crypto News: TRUMP Meme Coin Rocky Rise and Fall

Launched on the Solana blockchain before Trumps January 2025 inauguration, TRUMP began with a total supply of 1 billion tokens.

Of these, 200 million were offered to the public, while 800 million remain controlled by entities tied to Trump, such as CIC Digital LLC and Fight Fight Fight LLC.

These tokens are locked under a three-year release plan, starting with initial lock-up periods of three to 12 months, followed by gradual daily unlocks over the next two years.

The coin saw a meteoric rise early on, climbing from below $10 to a high of $75, with a market cap reaching $15 billion and trading volume hitting $29 billion, according to CoinMarketCap.

However, by March 24, 2025, its price had fallen to $11.95—a 70% drop from its peak. Despite the decline, TRUMP recorded a 9% gain in the past 24 hours and a 5% uptick over the week, highlighting its unpredictable swings.

The trader‘s loss has sparked renewed debate over meme coins and their risks. Trump’s public backing of TRUMP, alongside its links to his business interests, has fueled speculation about market manipulation and insider trading.

Other Trump-family-related tokens, like MELANIA, have also drawn scrutiny, though no solid proof of misconduct has emerged.

The MEME Act

In Washington, Representative Sam Liccardo has introduced the MEME Act, a bill designed to stop federal officials and their families from profiting off meme coins and similar assets.

The proposed law aims to tackle potential conflicts of interest and limit the impact of prominent endorsements on shaky markets. While still under review, the legislation signals growing concern about the blend of politics and digital currencies.

The TRUMP saga underscores the wild uncertainty of meme coins—assets often propelled by online hype rather than solid fundamentals. For the trader, the journey from a $108 million windfall to a $207,000 loss in a single hour captures the razors edge of this market.