Less than a moment after Trump posted about the gold on social media, President Donald Trump’s Solana image gold TRUMP hit a fresh post-inauguration lower, which a former ally of his called an overt attempt to “pump” the swinging gift.

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. As Trump announced that business tariffs against Canada and Mexico may soon start to apply, Bitcoin, Dogecoin, and another superstars also fell on Saturday.

Trump’s post about the gold via his own social media platform, which has drawn a lot of attention, also caused the coin to drop. Trump posted the text” I LOVE$ TRUMP!”! late on Friday at Truth Social, along with a connection to the coin’s site for the official license.

Anthony Scaramucci, a former director of communications for Trump’s first term, took aim at X ( formerly Twitter ) late on Saturday in what he saw as a clear attempt to snag a falling meme.

President Trump posted on Truth Social last day in an attempt to “push” his post gold (yes, that’s a real phrase that many people have slammed ),” Scaracmucci wrote on Saturday night. ” The outcome has been an acceleration of the ‘ plop,’ then down 70 % from its peak. The dance is off”.

The Solana coin is priced really above$ 21 as of this writing, down almost 6 % on the day and 27 % over the last week, but TRUMP just started to decline after that point.

The key is certainly down more than 70 % from its peak value above$ 73, set on January 19 before Trump’s family, Melania, launched her own gold in a market-tanking shift for TRUMP.

As reported last year, daily trading volume for TRUMP has plummeted by 90 % since his opening, while on-chain buyers and other measures have also declined.

Following the above impact of concerns over industry tariffs with America’s neighbors, the majority of the big cryptocurrencies are in the crimson as of this writing. Bitcoin is down about 3 % on the day at$ 99, 200, while Dogecoin has fallen by 9 % in the past 24 hours to$ 0.294, XRP is down nearly 6 % to$ 2.80, and Solana has dropped almost 7 % to$ 211.

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