President Trump's Solana Meme coin has reached a low price, while other top assets remain relatively stable.

President Donald Trump's official Solana, the ace, has reached a price in just a few hours since its launch, as the trading volume of the token slides has reached a new low.

The President's meme coin dropped to $14.86 late Sunday, marking the lowest price for Coingecko since early January 18th, hours after Trump launched it just hours before his inauguration.

In the past 24 hours, Trump has fallen by 2.6%, while other major cryptocurrency assets have also declined. Bitcoin and Dogecoin have remained relatively stable in this span, rising by 0.6% and falling by 0.1% respectively.

According to Coingecko's data, Trump's slide is currently at $16.16, a further decrease of 40% in the past 14 days. Now, it has fallen 78% from its historical high of $73 on January 19th.

Although the President has recently made at least one attempt to promote the token, its decline has placed it overall at 44th place. However, the overall decline among all cryptocurrency assets is still ongoing, as evidenced by the article on Truth Society on January 31st.

I love Trump, "he posted, sharing the link to the official Trump meme website. There was no immediate relief for the token to drop instead, within a few hours after the post.

The token not only decreased, but also saw a sharp drop in trading volume, with a decrease of $1 billion from Sunday's historical low level, according to Coingecko's data. In contrast, the token traded an average of over $20 billion in the first five days after its release. Sunday marks the daily low for the fading Solana meme coin so far.

The slides of the token and other major encrypted assets may be partially attributed to the tariff announcement coming from President Trump himself. Bitcoin and Ethereum both lost nearly 2% each week, while XRP lost about 5% at the same time. Due to the first announcement of the tariff plan, most major assets experienced price declines earlier this month.

However, entities associated with Trump continue to take action in cryptocurrency. Last week, Trump's media company announced plans to launch a Bitcoin ETF under the banner of truth.fi. Meanwhile, World Free Finance (suggested by Trump and his son) has added assets to its Treasury Department to "not sell" assets while ensuring community security.