Donald *****’s memecoin, *****, momentarily fell about 30% after the former president commented that he was not closely tracking it.
The price dipped to $32 on some exchanges before rebounding to around $43. The token, launched shortly before *****’s second inauguration, previously reached $76 and a $12 billion market cap but has been volatile.
During a media appearance, ***** acknowledged the project but asked for its valuation and then called the reported billions “peanuts” for his team behind him.
The Kobeissi Letter noted that an unnamed investor purchased $5 million worth of ***** at the crash’s low point and gained an estimated $2.4 million within minutes. The token is now near $41 with a market cap of $8.2 billion, while its fully diluted value stands around $41 billion.
***** said,
“I don’t know where it is, I don’t know much about it other than I launched it. I heard it was very successful.”
Shut the **** up with your clickbait news!
Here’s the full clip
pic.twitter.com/GW3X46xWXD
— notEezzy (delulu)
(@notEezzy) January 21, 2025
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