Popular meme coins like Official Trump, Dogwifhat, Pudgy Penguins, and ai16z have experienced significant losses over the past week. Dogecoin, on the other hand, has seen a 10% increase in price in the past 24 hours, but it still hasn't recovered all of its post-election gains. The recent selloff of meme coins can be attributed to the risk aversion caused by Trump's decision to impose tariffs on Canada, Mexico, and China. While larger cryptocurrencies like Dogecoin have rebounded after Trump announced delays to the tariffs, meme coins are still facing losses. The crypto market experienced a sharp fall over the weekend due to the 24/7 trading nature of digital assets. Meme coins heavily rely on social media and macroeconomic conditions to thrive, making them more vulnerable to negative events like global trade wars. As investors become less interested in high-risk assets like meme coins, liquidity is expected to decrease. Launching a meme coin has become more difficult, and the recent selloff has affected meme coin platforms such as Pump.fun. The launch of the Trump meme coin had a negative impact on other meme coins by draining liquidity. The combination of Trump's trade war, DeepSeek AI's developments, and broader equity volatility has led to a free-fall in meme coin markets.



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