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Fortune
Fortune
Paolo Confino

Trump's new memecoin and Trump Media stock are both plunging in a massive post-inauguration sell-off

President Donald Trump (Credit: Kevin Dietsch/Getty Images)
  • President Donald Trump launched a crypto coin a few days before taking office—but after an initial rally, its price dropped on Tuesday. Shares of Trump’s media company saw similar market moves on his first full day back in office. 

Two assets linked with President Donald Trump dropped in value the day after he was $TRUMP, fell 29%. 

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