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Sujit Kumar
Jan 21, 2025
by Sujit Kumar

Trump’s $TRUMP Token Surpasses Shiba Inu Before Price Decline

TRUMP Token

Table of contents

  1. Shiba Inu’s Lead Developer Reacts
  2. $TRUMP Token Faces Price Correction
The cryptocurrency market experienced a surprise shake-up as $TRUMP, a meme coin linked to U.S. President-elect Donald Trump, briefly overtook Shiba Inu (SHIB) in market capitalization.

On the eve of Trump’s inauguration, $TRUMP reached a market cap of $13.83 billion, placing it 15th among top cryptocurrencies, while SHIB sat at 17th with $12.79 billion. The token, launched on January 18, quickly gained traction, becoming the fourth most-traded asset after Bitcoin, Ethereum, and USDT.

Shiba Inu’s Lead Developer Reacts

Shiba Inu’s lead developer, Shytoshi Kusama, acknowledged the milestone, congratulating Trump while calling the achievement “temporary.”

Kusama’s remark suggests two possibilities:

🔹 Confidence in SHIB’s future—Shiba Inu’s development team is actively working on upgrades that could boost its value.

🔹 Skepticism about meme coins—Many hype-driven tokens see short-lived success before declining.

$TRUMP Token Faces Price Correction

Despite its rapid rise, $TRUMP’s momentum didn’t last. The token has since faced a 29% price drop, falling to $34 within 24 hours.

However, with Trump’s pro-crypto stance and strong community backing, some believe the launch of his administration could spark renewed interest in $TRUMP.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
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TRUMP Token
Trump’s $TRUMP Token Surpasses Shiba Inu Before Price Decline
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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