The Official Trump (CRYPTO: TRUMP) memecoin pulled back sharply on Tuesday after a week of solid gains.

TRUMP Retreats Sharply

TRUMP fell more than 11% in the last 24 hours, cooling off a powerful rally that delivered nearly 60% gains over the past week.

The coin’s trading volume fell 33% over the last 24 hours, signaling thin activity.

The move came amid a broader pullback across the cryptocurrency market, with blue-chip currencies such as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) giving up gains from their recent highs.