Cryptocurrency markets are experiencing a broad selloff amid escalating trade tensions following the tariff announcements by the Trump administration. The $Trove token suffered a dramatic 90% decline during its token generation event, highlighting the extreme volatility in the sector. Meanwhile, a fund named Pump Fund was officially announced, reflecting continued appetite from certain market participants for newly issued tokens. Most major cryptocurrencies are in the red, with notable losses for assets such as SUI, STX and JTO, which dropped between 4% and 11% in a single day.
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