Imagine a new cryptocurrency called TRUMP, created to celebrate a president. It started at less than $10 but quickly zoomed to almost $75! Then, whoops! It crashed!
- The TRUMP coin went up super fast, then down even faster.
- Some people who bought it early made a lot of money before the price dropped.
- Other people, who bought it later, lost money.
- The Solana cryptocurrency and some other tokens also went down in price.
| Coin | Highest Price | Current Price (approx.) |
|---|---|---|
| TRUMP | $74.59 | $10 |
| SOL (Solana) | Not specified | Down over 40% |
| RAY (Raydium) | Not specified | Down 60% |
Experts think that people are losing interest in these types of quickly rising and falling cryptocurrencies.
