Trump Coin crashes due to Trump tariff shock... down 21% in one week

Cryptocurrencies, which benefited from the election of U.S. President Donald Trump earlier this year, have recently been crashing one after another due to the escalation of trade disputes originating from the United States.
As of 9:20 a.m. on the 8th, the price of TrumpCoin (TRUMP) on CoinMarketCap was $7.85, down 21.51% from a week ago.
During the same period, Solana (SOL) and Dogecoin (DOGE) also fell by 9.09% and 10.20%, respectively. The reason for the sharp decline in these coins is the interest caused by President Trump.
The tax war has intensified, and investment sentiment towards crypto assets has cooled. Last week, the US announced a "reciprocal tariff" that would impose a basic 10% tariff on major trading partners. In retaliation, China
The trade dispute appears to be escalating globally after the country announced the previous day that it would impose a 34% tariff on all US-made products.
TrumpCoin, Solana and DoZicoin announced their plans to launch a cryptocurrency in January this year.
It is considered one of the "coins benefiting from Trump," having soared around the time of the presidential inauguration. However, it is currently facing a direct hit from the tariff war sparked by President Trump.
TrumpCoin is a meme coin issued by President Trump just before his inauguration. It was launched on the Solana Blockchain on January 18th, and was used by President Trump on social media.
When Trump Coin was released, the price of the coin soared by 960% two days after its release. After the release of Trump Coin, the price of Solana, the platform on which the coin was issued, also soared.
Lana hit an all-time high of $261.87 on January 19th, but is currently down about 63.56% from its previous peak.
Dozicoin is the CEO of Tesla who maintains a close relationship with President Trump.
It has attracted attention due to the influence of a certain Elon Musk. Until now, Musk has been called the "father of DoZicoin" and has been an active supporter of DoZicoin. After President Trump took office, Musk became the "
He was appointed head of the Department of Government Efficiency (DOGE). In fact, as of January 18, the price of Dozico surged 24.5% in one week to $0.4159. However, the three-month
As of now, the price of Dozicoin has fallen 63% since January 18th.