President Donald Trump’s signing of long-threatening tariffs on China, Canada, and Mexico over the weekend sent meme cryptocurrencies plunging, starting a trade war that led investors to abandon risky assets all over the world.
CoinGecko reports that Trump’s own meme coin, Official Trump, which went live a little over two weeks ago, was down 15% to $17 as of the now.
The weekend of its launch, it surged to a peak of roughly $73, but on Inauguration Day, it fell 50%.
Shiba Inu and dogecoin, the two largest and most well-known meme coins, each saw losses of roughly 14%. Dogwifhat fell 26%, and Pudgy Penguins fell 13%.
Source (CNBC)
