The market has been shocked by President Donald Trump’s tariff announcement on Friday, with crypto typically being in the red all the time. Some joke coins are still in the alternative, fighting the micro pressures, but some degens never stopped clicking “buy” when they are trying to buy them.
Meme coins, as categorized by CoinGecko, are down 11.3 % over the past 24 hours, 29 % over the past week. Ethereum layer-2 Base meme coins, down 7.3 % this week, followed by Solana meme coins, down 4.4 %, were the specific chain that suffered the worst.
” Most folks I know are getting slaughtered”, anonymous investor 0xWinged, who likewise deployed Sharkcat, told . ” Many group chats are currently dead,” he said. Attitude is therefore trash”.
However, according to Dune information, 53, 248 currencies were created on common launchpad Pump. fun on Saturday—just a 9.7 % downturn compared to the previous Saturday. Some investors in the tunnels are finding ways to turn a profit off this feeling while the business is in a state of fear.
There are still$ 5 million market cap walkers every day, according to 0xWinged, and many people have simply resorted to buying low cover shitters. The majority of the currencies that run are associated with negative thoughts.
Over the weekend, for example, a token referring to hanging yourself in order to die by suicide called Rope ( ROPE ) ran to a$ 6 million market cap. According to DEX Screener, 15 traders profited more than$ 10, 000 each on the coin. Despite this, meme coins are volatile and have as many losers as they do, with 12 of them currently selling for more than$ 10,000.
” It’s because everyone shares that negative, trash sentiment”, 0xWinged said. ” Persons are suicidal in this business. Joke or no, the sentiment is shared”.
Similarly, at the time of writing, McDonald’s McValue (MCVALUE) has just shot up to an$ 824, 000 business cover, with the best seller profiting$ 3, 600. The token has yet to fall to cause any significant losers, but it is likely to quickly due to the short shelf life of most joke coins.
Only one of the top 10 meme coins isn’t in the red over the past 24 hours, with Fartcoin ( FARTCOIN ) rising 36 %.
Worst hit is Dogwifhat ( WIF), which is down 23 %, after a Sphere representative told that there is no agreement to advertise the token at its Las Vegas location on Friday. SPX6900 ( SPX ) is also down 9 %, Pepe ( PEPE ) 15 %, and Official Trump ( TRUMP ) 10 %.
After Fartcoin, Base cat coin Toshi ( TOSHI ) is the largest meme coin in the green, which has jumped 33 %. Following that, AI Rig Complex ( ARC ), a Solana-based AI meme coin, has climbed 43 % and Popcat ( POPCAT ) has bounced 14.5 %.
Meme cash are very dangerous crypto assets with no actual underlying value, making buying and selling them a very risky business. With this, some meme coins expire soon after being created, leaving many people with lost money while a small number make a sizable profit.
” I think AI and non memecoins are the play right now, although some large]meme coins ] are on a discount”, 0xWinged added. However, I believe that buying currencies with basics is the best way for the average buyer to take a risk. 99 % of people get killed in the pits anyway”.
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