President Donald Trump’s Solana meme coin TRUMP hit a new post-inauguration low Saturday, less than a day after Trump posted about the coin on social media—a move that a former prominent ally of his described as an obvious attempt to “pump” the flailing token.

TRUMP fell as low as $19.09 on Saturday, per data from CoinGecko, which is the lowest price seen since he returned to the White House on January 20. The coin dipped as Bitcoin, Dogecoin, and other heavyweights also fell on Saturday as Trump announced that trade tariffs against Canada and Mexico would soon take effect.

But the fall also came after Trump posted about the coin via his own social media platform—a move that has drawn prominent criticism. Trump posted the message “I LOVE $TRUMP!!” on Truth Social late Friday, along with a link to the website for the officially licensed coin.

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Author: Andrew Hayward

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