Trump’s Meme Coin Plummets 75% despite His “I LOVE $TRUMP!!” Promotion

Trump’s meme coin crashes 75% despite his promotion, as market fears over tariffs shake the broader crypto market.

Donald Trump’s meme coin, TRUMP, has lost 75% of its value despite the former president’s enthusiastic promotion. According to CoinDesk, the Solana-based token, which launched just before Trump’s January 20 inauguration, once skyrocketed to a $14 billion market cap. However, it crashed to $19.09 over the weekend, falling below its listing price on major exchanges.

Trump tried to rally investors with a post on Truth Social, saying, “I LOVE $TRUMP!!” and linking to the token’s website. But the market didn’t bite. Anthony Scaramucci, founder of SkyBridge Capital, criticized the effort, describing it as an attempt to “pump” the token.

Broader Market Conditions Weigh Down TRUMP

The fall wasn’t limited to TRUMP. Trump’s tariffs on Canada and Mexico triggered fears of a trade war, shaking the crypto market. Bitcoin hit a local bottom of $92,585, while Dogecoin dropped 25%. Analysts like Ryan Lee from Bitget Research linked the decline to investor anxiety over economic policies.

Analysts Are Divided on Recovery Prospects

Some traders see hope in a possible technical rebound. Analyst Captain Faibik pointed to a “falling wedge” pattern, suggesting the dip could be a buying opportunity. Still, TRUMP’s daily trading volume has dropped 90%, casting doubts on whether the token can regain momentum. For now, skepticism around celebrity-backed tokens remains high.

As Trump-inspired memecoins like TRUMP and MELANIA spark ethical debates and volatile price swings, the crypto landscape is evolving at lightning speed. Staying informed has never been more crucial for investors, and this can be achieved by leveraging tools like TipRanks’ Cryptocurrency Center to track their favorite cryptos. Click on the image below to stay ahead in this rapidly changing space.