#TrumpTariffs Donald Trump's meme coin, $TRUMP, has plummeted to new lows after his tariff announcements. The cryptocurrency's value dropped significantly, with reports indicating it reached a meager $9 per token, although current prices show some variation.
*Current Price:* $11.09
*All-Time High:* $73.43
*Decline:* 85% from its peak
The coin's performance has been volatile, with early traders making significant profits while latecomers suffered losses. Some analysts predict further decline due to¹ ²:
- *Token Unlock:* A $520 million token unlock event scheduled for July 18, potentially increasing circulating supply and depressing prices.
- *Systematic Liquidation:* On-chain analysis reveals coordinated token dumps, contributing to selling pressure.
- *Market Sentiment:* Investor sentiment remains fearful, with concerns about future price movements.
The Trump meme coin's future remains uncertain, with some analysts predicting potential recovery, while others see further decline.