Trump Meme Coin Plummets 96% From All-Time High Amid Declining Presidential Approval Ratings

Trump's Solana Meme Coin Hits New Lows Amid Political Uncertainty

The official meme coin linked to President Trump, built on the Solana blockchain and named Official Trump (TRUMP), dropped to its lowest value since its early days on Tuesday. This decline comes as recent polls show waning support for the president, especially as tensions with Iran continue to create uncertainty.

On Tuesday, TRUMP was trading at approximately $2.90, reflecting a 1% dip for the day and a steep 15% loss over the past week. In contrast, leading cryptocurrencies such as Bitcoin and Ethereum have rebounded, reaching $70,137 and $2,041, respectively.

TRUMP reached a low of $2.87 overnight, the lowest price CoinGecko has recorded since the token’s launch after its initial sale in January 2025. However, CoinMarketCap reports an even lower all-time low of $1.21 during the same period.

Regardless of the tracker, the current price is over 96% below its peak of $73.43, which was set in January 2025 just before Trump began his second presidential term, according to CoinGecko.

Prediction Markets and Polling Trends

On Myriad, a prediction market operated by Decrypt’s parent company Dastan, sentiment has shifted sharply against the president. In the past week, the odds have moved from an even split to 58% favoring disapproval of Trump’s approval rating.

This trend now aligns more closely with traditional polling, which has shown a negative outlook on the president’s performance since mid-2024. Data compiled by analyst Nate Silver indicates that about 54.8% of Americans currently disapprove of Trump’s job performance.

Market Reactions to Geopolitical Developments

President Trump commented on Monday that the situation in Iran was “very complete, pretty much,” which briefly eased volatility in the broader financial markets. However, later that day, he issued new warnings to Iran about oil exports, stating that “death, fire, and fury will reign” if the country disrupts the flow of oil.

Following these remarks, Bitcoin has climbed about 1.5% in the past 24 hours, lifting much of the cryptocurrency market. However, Trump’s own meme coin continues to struggle, remaining in negative territory.

Performance of Related Tokens

The World Liberty Financial token (WLFI), another asset associated with Trump, has performed slightly better, gaining 1.4% in the last day to trade near $0.10. Despite this uptick, WLFI recently hit a new low of $0.094 over the weekend—the lowest since it became freely tradable. Even at its current price, the token is still down 69% from its all-time high.

World Liberty Financial recently hosted a conference at Trump’s Mar-a-Lago estate in Florida and has come under scrutiny for a $500 million investment from the UAE in the Trump-affiliated crypto venture.