The Trump memecoin, launched ahead of Donald Trump’s second inauguration, has suffered a major decline, dropping 75% from its all-time high.
The fall comes as cryptocurrency markets react to escalating trade tensions between the United States, China, Canada, and Mexico.
Trump Memecoin Faces Sharp Decline
The Trump memecoin was trading around $19 on Monday, significantly down from its peak price.
First Lady Melania Trump’s memecoin has also plummeted nearly 90%, following a similar pattern.
The overall crypto market downturn has hit meme coins harder than Bitcoin, which has shown greater resilience.
Bitcoin Holds Up as Meme Coins Struggle
Bitcoin (BTC) dropped below $92,000 on Sunday night before rebounding above $100,000 on Monday, following Trump’s decision to pause tariffs on Mexican and Canadian goods.
However, fears remain that tariffs on the European Union and UK could be next, adding further uncertainty to global markets.
Trump’s Crypto-Friendly Stance
Despite the declining prices of Trump-related meme coins, Trump remains one of the most pro-crypto U.S. presidents.
His administration has taken steps to promote digital assets, including appointing crypto-friendly officials to key positions and proposing policies to strengthen the U.S. crypto industry.
While Trump’s memecoin remains highly volatile, some supporters believe it could see renewed interest if market sentiment improves or Trump’s policies further boost the crypto sector.
