TRUMP Memecoin Price Crashed 17% After Trump Tariff Announcement

Despite being Donald Trump's official crypto coin, it failed amid the crypto community. Besides, the performance worsened with Trump's tariff decisions, triggering the global crypto market crash.

The Official Trump (TRUMP) memecoin price has followed a major downtrend since its launch rally. Despite being Donald Trump’s official crypto coin, it failed to gain interest in the crypto community.

Moreover, the performance got worse with Trump’s tariff decisions, which also triggered the global crypto market crash.

As investor sentiment remains fearful, holders are now concerned about this Trump coin’s price downfall to $5. Let’s discuss what’s coming next.

Trump Coin News: Trump Memecoin Price Crashed After Tariff Announcement

The Trump coin’s downfall is no new news, especially as it stands 85% down from its prime of $75.35.

Though this token had a great start, its popularity dropped as the controversies grew, including insider trading, conflicts of interest, etc.

Due to this, the Trump token is now facing a continuous price downtrend. The recent Trump tariff news immediately intensified the coin’s downfall by 17%. Even at present, the bear’s dominance stands strong, with the token trading at $9.30 and a market capitalization of $1.86B per CoinmarketCap.

Interestingly, its trading volume is up 106% to $833.24M, showcasing high investor activity. With that, a few anticipate a potential recovery, while others are concerned about further crashes.

Trump Coin Price Prediction: Will It Crash to $5?

The Trump coin’s performance has been the talk of the crypto town ever since its launch. With a 2000% rally after launch to a similar crash, the demand for this once-popular meme coin has dropped drastically.

A few investors connect the Trump memecoin price performance to the 2021 meme stock craze, where it first made heavy profits for traders before bringing a nine-month straight downtrend.

More importantly, the regulatory issues still stand in this token’s performance, especially considering today’s fall.

Crypto analyst Martinez’s Official Trump coin price prediction states that the token could crash to $5 if it loses the $10 support. Interestingly, the token has already declined from that level, and the subsequent support lies at $8.20 and $7.50.

If the downtrend continues below $7.50, there’s no stopping a freefall, and the Trump memecoin price will crash to $5. However, it would require further bearish action, but the U.S. president might influence TRUMP price as he had done before.