- Trump-linked meme coin market sees a $10 billion drop.
- No institutional backing drives meme coin value.
- Community reports highlight widespread retail losses.
Donald and Melania Trump are connected to meme coins experiencing sharp declines, with prices dropping ahead of this month’s closure, impacting the overall cryptocurrency market.
The event highlights the vulnerability of the meme coin sector and its influence on the wider crypto market.
The cryptocurrency market experienced notable volatility as Donald and Melania Trump’s meme coins lost significant market value. Over $10 billion was erased from meme coins in a week, marking a substantial financial shift in the space.
Trump’s entry into the crypto market in 2025 marked a shift from previous skepticism, with the launch of tokens tied to his brand. Donald Trump tweet on Twitter.
Despite the initial success, these tokens suffered a sharp decline. Retail-driven speculation and lack of institutional support were key contributors.
The impact on broader markets included a decline in major cryptocurrencies like Bitcoin and Ethereum. Despite sharp losses in meme coins, Solana’s Total Value Locked remained stable at around $10 billion. The meme coin sector continues to illustrate high-risk, high-reward dynamics without substantial regulatory oversight.
Future considerations include potential regulatory responses aimed at mitigating similar market impacts. The high-profile involvement of figures like Trump underscores the influence of celebrity endorsements on market movements, highlighting the need for greater market education and awareness to protect retail investors.
Stories like hers flood Reddit’s r/cryptocurrency where users post about losing rent money, car payments, even their entire college fund; the worst part is these inexperienced traders coming in for the first time seeing all of this hype as social proof are completely unaware that most of the time 99 out of 100 of these voices in the memecoin space and community are simply bots or paid shills…
