Meme Coin Linked to Trump Sees 96% Value Drop Amid Market Pressures

The cryptocurrency market continues to experience fluctuations, with a notable example being PIPPIN, a meme coin linked to Donald Trump. In recent days, PIPPIN has plummeted by 96% from its peak value. This decline coincides with the president's declining approval ratings.

According to market trends, PIPPIN reached a local high of $0.39 before retracing, becoming stuck in a tight range due to immediate selling pressure. Analysts suggest that derivatives have also been impacted by this downturn.