Trump meme coin drops 96% from peak

President Donald Trump’s Solana-based Official Trump (TRUMP) meme coin slid to around $2.90 on Tuesday after touching $2.87 overnight, marking its lowest level since shortly after the token launched in January 2025.

The token has fallen more than 15% over the past week and now trades more than 96% below its $73.43 all-time high reached just before Trump began his second term, even as major cryptocurrencies such as Bitcoin and Ethereum recovered.

The decline coincides with weakening sentiment toward the US president, with prediction markets shifting to 58% odds of public disapproval and traditional polling averages compiled by data analyst Nate Silver showing about 54.8% disapproval.

Trump said Monday the conflict in Iran was “very complete, pretty much,” briefly easing market volatility before warning that “death, fire, and fury will reign” if Iran halts oil flows.

While Bitcoin rose roughly 1.5% in the past 24 hours to about $70,137 and Ethereum traded near $2,041, Trump’s meme coin remained under pressure amid the broader crypto market rebound.