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The TRUMP cryptocurrency, linked to U.S. President Donald Trump, has taken a massive hit, losing most of its value in just a month. The token hit a new all-time low of $14.29, dropping 11% in 24 hours after breaking below the crucial $16.00 support level.
The ongoing tariff disputes triggered by the President have worsened market conditions, pushing TRUMP further into the red. With recovery looking unlikely, traders are now betting against the token, shifting towards short positions instead of long-term holds.
