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President Trump's Solana Meme Coin Plunges 37% as Trade War Rocks Crypto Market

President Trump's Solana Meme Coin Plunges 37% as Trade War Rocks Crypto Market
The Official Trump (TRUMP) meme coin has experienced a significant decline in value, making it the worst-performing token in the top 100 cryptocurrencies. The coin's value has dropped by 37% over the past week, reaching its lowest price since its launch. The decline can be attributed to the trade war and President Trump's announcement of tariffs on Canada, Mexico, and China. Despite a temporary rebound after the tariffs on Mexico were paused, the coin continued to decrease in value due to China's retaliatory tariffs. TRUMP is now down 75% from its all-time high and has slipped to fourth place in terms of market cap among meme coins. Trading volume for the token has also drastically decreased.

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