#TrumpTariffs
The value of Donald Trump's meme coin has decreased since his tariffs were finally implemented. His $TRUMP cryptocurrency's value plummeted to a pitiful $9 per day less than twenty-four hours after the president announced the long-awaited reciprocal trade tariffs on domestic imports. Trump's Setback
/Blocknik
Following the announcement of Trump's tariffs, you will not believe what happened to his meme coin.
3:52 PM EDT on April 3.
Andrew Harnik via Futurism/Getty Images
Picture courtesy of Andrew Harnik via Futurism/Getty
Since Donald Trump's tariffs were finally implemented, the value of his own meme coin has decreased.
The value of his $TRUMP cryptocurrency fell to a pitiful $9 per token less than twenty-four hours after the president announced the long-awaited reciprocal trade tariffs on domestic imports.
That's a new all-time low — and remember, it was only launched about 10 weeks ago ahead of the real estate scion being sworn in for a second time.
Obviously, there are far bigger concerns afoot than the president's shitcoin tanking — but you have to admit that it's pretty hilarious that it's happening this way.
Still, the debacle illustrates that Trump's nonsensical trade war isn't just hurting the entire global economy, which has essentially been lit on fire by the tariffs, but even his own business interests.
Ironically, the announcement of the tariff was made shortly after it was revealed that the Trump coin would later in April be "unlocking" 40 million tokens, or 20% of its supply that was locked down. This event is the first of its kind to be held on the memecoin since its launch in January, and it could have generated the kind of buzz that would have raised its value.