The article discusses the steep decline of Donald Trump's meme coin, $TRUMP, which dropped from an initial value of $15 to an all-time low of $12.23 shortly after its launch. This drop reflects a broader trend in the cryptocurrency market, where Bitcoin also saw a decrease. The decline follows Trump's announcement of resuming tariffs on Canada and Mexico, which unsettled markets. Despite the downturn, Eric Trump advocated for buying the dip on social media, showcasing the ongoing volatility in the crypto space and the Trump family's financial gains during this time.
The value of Trump's crypto foray, which trades under the ticker $TRUMP, plummeted from around $15 per share down to an all-time low of roughly $12.23.
Launched in January just ahead of the president's second inauguration, $TRUMP has already seen an absolutely outrageous fall-off.
Bitcoin is below $90,000 - dipping as low as the mid-$80s during the day's jitters - for the first time since November.
Eric Trump tweeted early Tuesday morning - a meme-worthy bit of bad financial advice that often occurs during Bitcoin drops.
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