Trump Denies Running TRUMP Coin as Token Price Falls 5%
Key Insights
- TRUMP Coin fell after Trump denied managing or monitoring the token.
- Price remained below three Fibonacci resistance levels after August’s rebound.
- Futures turnover exceeded spot volume, reflecting heavy leveraged activity.
U.S. President Donald Trump distanced himself from TRUMP Coin during remarks on Sept. 4. He said he neither operated nor followed the token. His comments arrived as its price fell and traders reassessed resistance after an August rebound.
Asked about the token, Trump said he did not run it and did not focus on it. He added that someone had told him it was selling well. The remarks clarified his claimed operational role while leaving intact the project’s documented licensing and affiliated ownership structure.
TRUMP traded lower during the session, but the decline cannot be attributed solely to Trump’s comments. Token movements to exchanges, broader market conditions and elevated derivatives activity also affected the trading environment.
TRUMP Coin Price Falls After Trump’s Remarks
CoinMarketCap data placed the token at $2.26, down 5.61% over 24 hours. The dataset ranked it 74th among listed crypto assets. That decline followed a volatile August recovery from levels near $1.36.
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