President Trump's Solana meme coin, known as TRUMP, has seen a staggering 37% decline over the past week, marking its lowest price since shortly after its launch. This downfall occurred amidst escalating trade tensions as Trump announced plans for tariffs on Canadian and Mexican goods and a 10% tariff on China. The TRUMP token fell from $26.07 to $20.54 over the weekend, with an additional drop of 14.8% to $17.49 in subsequent trading. Despite a brief recovery to $19.86, TRUMP faced further crashes due to China's retaliatory measures, ultimately sinking to $16.52, a 75% decrease from its all-time high of $73.43 reached shortly after its launch. Currently, TRUMP holds the position of the worst-performing token in the top 100 cryptocurrencies, suffering a 93% drop in trading volume compared to inauguration day. From being the second-largest meme coin by market cap, it has now dropped to fourth place, trailing behind well-known tokens like Shiba Inu.

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