Things are looking bearish for Trump Coin (TRUMP), the official meme coin of US President Donald Trump that was launched back in January, ahead of the release of a major token unlock later in the week.

TRUMP was last trading just under $8 per coin, up a modest 10% from the lows it hit around $7 last week, but still very much stuck in a long-term downtrend.

The meme coin has continually found resistance at its 21DMA over the last three months. TRUMP has now dropped around 90% from its post-launch highs above $70.

But things could be about to go from bad to worse. 4% of the meme coin’s supply is set to unlock on the 18th of April.

Given that only 20% of the supply is currently in circulation, this means an increase to circulating supply of 20%.

Bearish technicals combined with bearish supply dynamics mean that TRUMP coin could soon dump to fresh lows under $7 per token.

And with sentiment in the broader crypto market still downbeat thanks to ongoing macro uncertainties and poor altcoin performance, the outlook for a major bullish reversal anytime soon is week.

Was TRUMP Coin a Scam?

TRUMP Coin isn’t a scam; its launch was fair and the team behind the coin have not deceived investors in anyway.

It was simply launched as a collectable meme coin, with no promise of returns, or anything for that matter.

That said, questions have been raised about the ethics surrounding the meme coin’s launch.

Firstly, while early buyers made millions, and while the Trump organization has earned over $100 million in trading fees, the vast majority of TRUMP buyers have been left out of pocket.

Indeed, a Chainalysis study conducted in conjunction with the New York Times revealed that, three weeks on from the meme coin’s launch, over 800,000 wallets had lost money buying the coin.

Indeed, just looking at the TRUMP coin chart since its launch – it paints a perfect picture of a classic “pump-and-dump”.

The fact that the Trump organization gifted itself 80% of the supply to be vested over the course of Trump’s presidential term has also been strongly criticized.

Is It a Good Time to Buy TRUMP?

Its possible that when broader crypto market conditions take a substantial turn for the better, TRUMP coin could see a major resurgence.

Perhaps when sentiment regarding the economy is better, and when the Fed is pumping the market with liquidity.

That said, these times have not arrived yet. Yes, TRUMP coin buyers getting into the market are buying the dip, a 90% dip in fact.

However, there could still be a lot lower to go. Its not unheard of for meme coins to drop 99% from prior record highs.

Investors should not risk more than they can afford to lose in buying TRUMP coin. Investing in major coins like Bitcoin, Ethereum and Solana would be much safer.

The post TRUMP Coin (TRUMP) Price Analysis: 90% Dip Coming? appeared first on Cryptonews.

The U.S. economy is expected to lose billions of dollars in revenue this year from a drawback in foreign tourism and boycotts of American products. Goldman Sachs Group Inc. estimated the hit in 2025 from reduced travel and boycotts could total 0.3% of gross domestic product, totaling around $90 million.

Data from the International Trade Administration showed that the number of non-citizens who had entered the U.S. by plane plummeted almost 10% in March compared to a year earlier. The report also noted that foreign tourism has been a blow for the U.S. recently after the pandemic-era restrictions sparked a resurgence of international travel.

U.S. travel declines amid geopolitical frictions

US Economy Is Set to Lose Billions as Foreign Tourists Stay Awayhttps://t.co/DXWMIS1rbZ pic.twitter.com/wOpY5OiHwg

— Ray Wang (@rwang07) April 15, 2025

Potential U.S. visitors are now rethinking traveling to the U.S. amid increased hostility at the border, rising geopolitical frictions, and global economic uncertainty. Curtis Allen, a Canadian videographer, canceled an upcoming U.S. vacation after President Trump imposed tariffs on his home country and suggested it should become the 51st U.S. state. Allen said, “We’re not just staying home; we’re going to go spend the same money somewhere else.”

“Given what we know about how much Canadian travel has fallen off, that’s potentially a bit worrying for that region.”

-Omar Sharif, president of Inflation Insights.

According to ITA data, foreign travelers spent approximately $254 billion in the U.S. in 2024. The analytics firm also estimated in early March that the country would receive 77 million visitors in 2025.

The data came out just before news of detentions at U.S. airports made headlines, where travelers from countries like France and Germany were ensnared. Canadians, who contribute the largest number of foreign travelers in the U.S., are choosing to stay put as Trump heightens attacks on the country’s economy and sovereignty.

Bloomberg Intelligence analysis revealed that roughly $20 billion in retail spending from international tourists in the U.S. may be compromised. A monthly Bureau of Labor Statistics report on consumer prices published on April 10 indicated that early signs of a sharp pullback are already showing up as airfares, hotel rates, and car rental costs fell in March. 

Sharif also highlighted that the decline in hotel rates was driven by an almost 11% drop in the Northeast in particular, possibly a result of fewer Canadians traveling there.

Canada remains resilient despite challenging U.S. traveling conditions 

Patrick Keyes, sales and marketing manager at Rainbow Air Helicopter Tours in Niagara Falls, said that the timing is “very interesting” for the firm, which just invested $25 million in a new building, an enhanced fleet, and a virtual reality attraction ahead of the busy summer season. Keyes also added that “we are waiting to see the fallout.”

A report by OAG Aviation Worldwide also reported that Canadian flight reservations to the U.S. have plummeted by 70% through September versus the same period last year. U.S. summer bookings have also dropped by 25% among European tourists at Accor SA hotels. The firm’s Chief Executive Officer Sebastian Bazin maintained the drop could be attributed to border detentions creating a “bad buzz” and diverting tourists to other destinations.

Goldman Sachs economists Joseph Briggs and Megan Peters mentioned in a March 31 report that U.S. tariff announcements and a more aggressive stance towards historical allies hurt global opinions about the state. The duo also believe that tariffs will lead to U.S. gross domestic product growth to underperform consensus expectations in 2025.

Todd Davidson, CEO of Travel Oregon, Oregon’s tourism commission, said the company was continuing efforts to attract foreign travelers. Davidson noted his team was on a trip to pitch the state at an adventure tourism conference in Vancouver. He also acknowledged that his team will host sales and marketing partners from the UK, India, and Brazil in the coming weeks.

The company’s senior executive maintained that his team was also contemplating whether the commission will need to tweak its strategy more toward domestic visitors as the situation unfolds. He added, “Oregon is not and will not take its eye off those international markets.”

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