Crypto Market Rocked by Trade War, Crypto Market Plunges 37% in President Trump’s Solana Meme Coin

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It is important to note that the word “you” means “you”. Official Trump The (TRUMP) me coin has been the lowest-performing cryptocurrency among the top 100 by market cap in the past week. CoinGecko—touching the lowest price seen since just hours after the coin first launched.

TRUMP's 37% weekly plunge comes as the ebbs and flows in the U.S. president’s trade warfare The crypto-market has seen significant movements, but no coin major was hit harder than this in the last seven days.

Trump made a Friday announcement. Markets fell all weekend when Trump said he planned to place tariffs on Canada and Mexico of up to a quarter percent, as well as a tariff on China of 10%. TRUMP’s approach was the same, as reported by CoinGeckoThe price of a Sunday’s worth of groceries dropped from $20.54 to $26.07 by Friday morning.

Following a volatile morning where TRUMP’s share price fell by 14.8% (to $17.49), the market recovered once the announcement was made that the The tariffs against Mexico have been paused The two countries tried to strike a deal. As a result, the Solana meme coin soared from $19.86 to $21.986 within hours.

Soon the proposal The tariffs against Canada have also been halted, TRUMP’s stock price fell despite this. On Tuesday morning, the news that China would be launching a missile attack on America was breaking. Impose its own tariffs As a form of retaliation they imposed tariffs against U.S.-made goods. This caused the TRUMP token to fall from its previous rally to $16.52—the lowest price registered since January 18, just hours after the meme coin dropped.

TRUMP launched days before the 47th President was set to be inaugurated, quickly touching its all-time high of $73.43 on January 19—before starting a long tumble following the release of Melania Trump's own meme coin, MELANIA. 

TRUMP’s price is now 75% lower than its previous high, and has dropped 36% over the last 7 days, to $17.92. TRUMP reached its highest market capitalization at the peak of its popularity.DOGEShiba inu is now the second most popular breed (SHIBPepe() in fourth position. 

This is what you need to know. The token’s trading volume has decreased. According to CoinGeckoTRUMP’s trading volume has dropped 93% from $36 billion on Trump’s inaugural day.

Andrew Hayward edited the book

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