T1 (Trump Mobile) fell 95.72% in 24 hours.

Gate News Bot news, on July 22, according to CoinMarketCap data, T1 (Trump Mobile) is currently reported at 0.00 USD, having fallen 95.72% in the last 24 hours, with a high of 16.41 USD and a low of 0.00 USD, and a 24-hour volume of 3.75 million USD. The current market capitalization is approximately 0 USD.

Trump Mobile is a cryptocurrency project themed around Trump. Its token symbol is T1, and the contract address is 0xAcB779bC89cE0cB598c5A60e9b4556e1D023E31c.

T1 (Trump Mobile) recent important news:

1️⃣ Trump's phone project abandons "Made in America" claim The Trump Mobile project initially claimed to launch a "Made in America" smartphone, but recently had to abandon this statement. The project admitted that it could not produce phones domestically in the United States, which may have affected investors' confidence in the project and became one of the main reasons for the significant fall in the price of T1 tokens.

2️⃣ Trump Organization enters the smartphone market The Trump Organization officially announced its entry into the smartphone market with the launch of a phone product named T1. This move demonstrates the project's emphasis on physical products, but it also raises market doubts about its technological strength and production capacity, which may lead investors to adopt a cautious attitude towards the future prospects of the T1 token.

3️⃣ Market doubts the competitiveness of T1 mobile phone In the face of fierce competition in the smartphone market, the technical specifications and market positioning of the T1 phone remain unclear. This uncertainty may raise investors' concerns about the commercial viability of the Trump Mobile project, thereby affecting the market performance of the T1 token.

From a technical perspective, the sharp decline in the price of T1 tokens has brought its market capitalization close to zero, indicating a severe lack of market confidence. On the fundamental side, the production and market challenges faced by the project may continue to affect the recovery of T1 token's value.

This message is not intended as investment advice; investors should be aware of market volatility risks.