Trump Meme Coin Plunges 96% From Peak as Approval Ratings Slide - Crypto Economy

TL;DR:

• Historic Collapse: The TRUMP token has lost more than 96% of its value since its all-time high, currently trading at critical levels near $2.90.
• Market Decoupling: Unlike Bitcoin’s rally toward $70,137, Donald Trump’s official memecoin is failing to recover in the face of low presidential approval ratings.
• Geopolitical Impact: Tensions with Iran and threats to oil flows are generating volatility that punishes assets directly linked to political branding.

On Tuesday, March 10, the official Solana-based memecoin, Official Trump, recorded its lowest price since launch. The asset retraced to $2.87, hit by a combination of unfavorable polling data and escalating geopolitical tensions in the Middle East.

While benchmark assets like Bitcoin and Ethereum show signs of strength by reclaiming key levels, the ecosystem of tokens linked to the president is suffering a total disconnection from the broader market. The market capitalization of these assets reflects evident fatigue in the face of administrative uncertainty.


Bearish Pressure and Technical Weakness on Solana

From a technical perspective, the TRUMP token shattered vital supports after falling 15% in recent weeks. Its current price of $2.90 represents a 96% drop from its peak of $73.43 achieved in early 2025. Data from CoinGecko confirms that market sentiment is markedly bearish.

This underperformance coincides with a shift in prediction markets like Myriad, where the president’s disapproval rating climbed to 58%. This correlation between political popularity and asset price suggests that investors are liquidating positions due to the risk of further internal and external instability.

On the other hand, the DeFi token World Liberty Financial (WLFI) showed a slight recovery of 1.4%, sitting at $0.10. However, this protocol is also struggling to break out of its low zone following criticism over large-scale foreign investments, maintaining a fragile price structure against current volatility.

In summary, TRUMP’s price is expected to continue trading sideways or downward unless the geopolitical news cycle stabilizes. The market will closely watch whether trading volume can defend the $2.80 level or if it heads toward further downside price discovery.