The value of Donald Trump's meme coin, $TRUMP, has plummeted to an all-time low of $9 per token, just after he announced reciprocal trade tariffs on domestic imports. Launched only 10 weeks ago, this crypto asset has seen its value drop from a high of nearly $75. Initially, the unlocking of 40 million tokens was expected to stimulate interest, but the tariff announcement overshadowed this, with a CoinGecko poll showing 77% of participants feeling negatively about the coin. This situation reflects broader economic concerns stemming from Trump's trade policies.
"Donald Trump just destroyed the entire financial markets, stocks, crypto and even his shitcoin," one user jeered, highlighting the comical trajectory of the $TRUMP coin's decline as tariffs were announced.
Despite the launch of 40 million tokens intended to boost buzz, the recent tariff-induced price slump left the Trump coin at a dismal $9 per token.
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