#TrumpTariffs #BinanceAlphaAlert Meme coins have been plummeting in value recently, with some experiencing significant losses. Here are a few examples ¹ ² ³:
- *TRUMP Meme Coin*: This coin crashed from $70 to $30 and is predicted to potentially drop to $10 due to bearish technical patterns and lack of crypto mention in Donald Trump's inauguration speech. The coin's market capitalization dropped from over $20 billion to $1.69 billion.
- *Libra Coin*: Linked to Argentine President Javier Milei, this coin collapsed by 95% and wiped out around $4.5 billion in value after being promoted on Milei's social media account.
- *Hawk Tuah Coin (HAWK)*: This coin tanked by 93% after its market cap reached $490 million, sparking accusations of a rug pull and leading to a federal lawsuit.
- *Other Meme Coins*: Coins like Popcat (POPCAT), dogwifhat (WIF), and PNUT are also experiencing significant declines, with POPCAT dropping by 6.57% and WIF falling by 4.90%.
- *Solana-Based Meme Coins*: GOAT, AI16Z, and Fartcoin (FARTCOIN) have also seen substantial losses, with AI16Z dropping by 92% and FARTCOIN falling by 82%.
The meme coin market as a whole has experienced a significant decline, with its market capitalization dropping from $137 billion in 2024 to $47 billion in 2025, a loss of nearly 66%. This decline is attributed to short-term hype cycles, scams, and rug pulls ¹.