In the past 24 hours, nine out of the top 10 largest memecoins have experienced significant drops in value following the implementation of tariffs by Donald Trump on Canada, Mexico, and China. The top five coins, including Dogecoin and Shiba Inu, have lost between 12% and 20% in value. However, Fartcoin, the tenth ranked memecoin, has seen a 20% increase in value. Over the last 30 days, several memecoins, including Pudgy Penguins and Floki, have suffered losses ranging from 54% to 67%. The tariffs imposed by Trump have also impacted wider markets, with the S&P 500 and FTSE 100 seeing drops as well. Memecoins launched by Donald and Melania Trump have collectively lost over $46 billion in trading volume and have seen price declines of 76% and 89% since their launch. As a result, all of the coin offerings and NFT projects launched by the Trump family have resulted in losses for buyers.



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