The Official TRUMP (TRUMP) coin has surged 4.27% in the last 24 hours, reaching $18.50, with a market cap of $3.7 billion. Despite this short-term rally, TRUMP remains down 75.36% from its all-time high of $75.

Entities behind President Donald Trump’s crypto coin have accumulated close to $100 million in trading fees in less than two weeks, according to estimates from three blockchain analysis firms, a large windfall from a venture that has seen tens of thousands of small traders lose money.

Cryptocurrency prices took a hit from the prospect of a trade war between the U.S. and its major trading partners, with some well-known digital assets and President Donald Trump’s own meme coin taking

Trump’s meme coin, $TRUMP, and Melania Trump’s coin, $MELANIA, plunged as the news agitated markets worldwide, according to Axios. $TRUMP — unveiled days before his inauguration — saw its value drop by 18% just over the last day. It's now down to $17.50 per token, compared to a peak of $72.62 the day before his swearing-in.

Roughly 80% of the coin supply will be distributed to its founders over the course of three years – and that could leave everyday investors holding the bag.

The price of bitcoin started falling shortly after Trump announced plans to start putting large tariffs on goods from Canada, Mexico and China.

Liquidations of highly leveraged crypto positions may have amplified the sell-off over the weekend and into Monday, crypto sources told BI