#TrumpTariffs Donald Trump’s meme coin, $TRUMP, has plunged to new lows following his recent tariff announcements. The cryptocurrency experienced a sharp decline, reportedly dropping to as low as $9 per token, although the current price has rebounded slightly to $11.09.

All-Time High: $73.43

Current Price: $11.09

Total Decline: 85% from its peak

The coin’s trajectory has been highly volatile. While early investors realized substantial gains, many latecomers have faced significant losses. Analysts point to several factors that could drive further downside:

Token Unlock: A $520 million token unlock is set for July 18, which may increase the circulating supply and put additional pressure on the price.

Systematic Liquidation: On-chain data suggests coordinated sell-offs, amplifying downward momentum.

Market Sentiment: Investor sentiment remains bearish, with ongoing concerns about the token’s future.

The outlook for $TRUMP remains highly uncertain. While some speculate on a potential recovery, others anticipate continued weakness.