TL;DR
Trump-themed memes followed the broader decline of the cryptocurrency sector, tanking by double digits.
Official Trump has slipped below $12.50, but some analysts believe a resurgence could be on the horizon.
The Major Collapse
The brief pump in the cryptocurrency sector on March 2 and the early hours of March 3 was abruptly suspended by another huge correction.
The massive volatility was likely caused by Donald Trump’s actions. First, the American president confirmed that his administration will move forward with the plans to establish a strategic crypto reserve that will include leading assets like BTC, ETH, XRP, ADA, and SOL. The involved cryptocurrencies and the entire market reacted more than positively to the news.
On March 4, though, some of the previously