#TrumpTariffs

Liberation Day’ Tariffs Tank Official Donald Trump Meme Coin 16%

The Official Trump meme coin has sunk to lows only seen within hours of its launch, following the President’s latest tariff announcements.

President Trump’s “Liberation Day” saw major tariffs announced for over 180 countries, including China, Israel, and Ukraine.

In the aftermath, global stock futures markets and Bitcoin (BTC) slumped, while Trump’s own Official Trump (TRUMP) meme coin tanked by over 15%—sinking to lows not seen since the first hours of its launch.

The TRUMP token launched on Solana days before Trump’s inauguration, with the now-President embracing it as his official token and promoting it on multiple occasions. It was seen as a major sign that the incoming administration would act more favorably towards the crypto industry.

As such, it soared to a $15.18 billion market cap within its first day. But it soon tumbled by over 64% to $5.42 billion, after the First Lady Melania Trump launched her own meme coin—which was later linked to the issuers of the controversial LIBRA token.

Following Liberation Day, TRUMP has tanked 15.4% to a market cap of $1.78 billion, according to CoinGecko, lows only seen within three hours of the token’s launch. Its slide outpaced that of other leading cryptocurrencies, with Bitcoin (BTC) slipping 5.2% on the day, Ethereum (ETH) sliding 6.5%, and Dogecoin (DOGE) 9.8%.

Trump’s ‘Liberation Day’

Since regaining power, President Trump has launched a trade war, promising to implement tariffs across the globe.