TRUMP Price Continues Freefall Amidst the President’s Pump Attempt

President Donald Trump’s Solana-based meme coin, TRUMP, plunged to a new post-inauguration low on Saturday, just hours after his social media endorsement on Truth Social.

A former ally criticised the move as an overt attempt to "pump" the struggling token.

TRUMP dropped to $19.09—the lowest level since Trump’s return to the White House on 20 January—before sinking further.

As of this writing, the token sits at $18.12, marking a 14% decline in the past 24 hours and a 30.07% drop over the past week.

Overall, TRUMP has tumbled more than 70% from its January 19 peak of over $73.

Criticisms Abound, Slamming the President

Trump’s endorsement of his meme coin on Truth Social has sparked widespread criticism.

Late Friday, he posted “I LOVE $TRUMP!!” alongside a link to the officially licensed token’s website.

The move drew backlash from crypto industry figures, including SkyBridge Capital founder Anthony Scaramucci.

Scaramucci, who briefly served as Trump’s Communications Director, condemned the post on X (formerly known as Twitter) Saturday, calling it a blatant attempt to prop up a declining token.

Meanwhile, the broader crypto market faces additional pressure as Trump’s new tariffs take effect, raising concerns of a potential further downturn.

Falling TRUMP Price: Entry Point or Warning Sign?

After briefly rebounding to $21.09 from its daily low of $18.75, TRUMP has slipped back to around $18.

Despite the decline, some analysts see this as a prime buy-the-dip opportunity.

Market expert Captain Faibik highlighted a falling wedge pattern—a common signal of a potential breakout—fuelling speculation of a bullish reversal.

Meanwhile, analyst Edward Morra noted that TRUMP found support at $20 and expressed confidence in its recovery, stating he plans to go long on the altcoin.

He stated:

“Went a bit deeper than I expected. Loaded up on TRUMP (average $21.5). Ideally, looking for a bullish reclaim above $25 for continuation.”