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Trump's Memecoin Launch Sparks Sell-Off Fears Amid Market Collapse

4/14/2025

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Summary

Story summary

Donald Trump's official memecoin is set to release US$321 million in tokens on April 18, sparking fears of a sell-off amid a struggling market. Since January, the token has plummeted by 83%, and the number of active wallets has halved. The entire memecoin market has also nosedived from US$119 billion to just US$50 billion, highlighting a troubling trend.

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Story summary

Donald Trump's official memecoin is set to release US$321 million in tokens on April 18, sparking fears of a sell-off amid a struggling market. Since January, the token has plummeted by 83%, and the number of active wallets has halved. The entire memecoin market has also nosedived from US$119 billion to just US$50 billion, highlighting a troubling trend.