With the issuance of Trump Coin, all investment funds were funneled into Trump Coin, causing Ripple, the third largest cryptocurrency by market capitalization, to plummet by more than 10%.
As of 8:30 a.m. on the 20th, CoinMarketCap, a global coin market relay site,
Ripple recorded a sharp drop of 10.25% from 24 hours ago to $2.91 (about 454 yen). This is thought to be due to the concentration of investment funds in Trump Coin due to the issuance of Trump Coin.
Not only Ripple, but other major cryptocurrencies have also plummeted. Bitcoin has fallen 4.06% and Ethereum has fallen 4.07%.
In contrast, at the same time, Trump Coin was trading at $40.16 (approximately 6,268 yen), up 37.53% from 24 hours earlier.
It soared by about 900%.
2025/01/20 10:02 KST
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