“Buy the rumor, sell the news,” traders strike again as Trump memecoins get crushed while the rest of the market surges.
The $TRUMP token is down 40%, and $47 is down 75% since the election results started to come in, as traders and long-term holders sold the news of a Trump victory in the U.S. presidential election.
Outside of a large selloff in late September, $TRUMP is now worth $113 million, its lowest valuation since February and an 85% decrease from its all-time high in June.
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#undefined [Source: TheDefiant]