Official Trump crypto bleeds $100M after U.S. strike on Iran
The Official Trump (TRUMP) cryptocurrency has taken a significant hit in recent days, shedding over $100 million in market capitalization following heightened geopolitical tensions between the United States and Iran. According to CoinMarketCap data, the token’s market cap stood at approximately $1.867 billion on June 21, before reports emerged that a U.S. B-2 stealth bomber precision strike had targeted Iranian assets. However, by June 22, market cap plummeted to $1.67 billion, marking a sharp decline of nearly 10.5%. While the token has since seen a modest rebound to $1.73 billion, the damage is clear: the speculative asset has lost considerable value in response to geopolitical stress. Trump market cap. Source: CoinMarketCap At the time of publication, TRUMP is trading at $8.66, down 14.32% over the past seven days, and over 32% from its monthly highs, a stark reversal from the parabolic rally that previously saw it surge past a $2 billion market cap. R...