Meme coins have fallen over the past 24 hours due to the one-two bite of a worldwide market downturn and tariff-induced stress that has shook both crypto and equities.
As traders rush to exit riskier assets amid macroeconomic concerns, Dogecoin ( DOGE ), Shiba Inu ( SHIB ), and other popular tokens have posted double-digit losses.
The blockchain destruction came after U.S. President Donald Trump’s news to impose massive new tariffs on 185 nations, which sparked concerns about a slowdown in the world and worsened investor sentiment, which was already at risk.
In the past 24 hours, DOGE has fallen 16.6 % to$ 0.1377, while SHIB has shed 11.3 %, trading at$ 0.00001077.
According to CoinGecko data, other popular meme coins like Pepe coin ( PEPE ) and Bonk ( BONK) are down 13.9 % and 13.8 %, respectively.
The President’s own Official Trump ( TRUMP ) meme coin, which was introduced in January, has fallen 16 % to$ 7.60.
Meme pennies and the business
Meme coins are generally among the first casualties in broader market downturns, and this one was no different. They are frequently driven by neighborhood hype and speculative momentum.
According to data from CoinGecko, the entire image gold market has lost 17 % of its price overnight, with the total market cap falling to$ 41.7 billion.
According to CoinGlass data, crypto liquidations have increased to$ 1.4 billion in the last 24 hours, including more than$ 460 million from Bitcoin transactions.
With Trump’s tax announcement, volatile assets are quickly gaining ground in crypto and yet safe havens like gold.
U.S. stock futures dropped Sunday evening, paving the way for a possible chaotic opening. Bitcoin‘s lowest price since November 2024, which was S&, P 500 futures, dropped by almost 6 %, and Bitcoin dropped below$ 77, 000.
The largest crypto in the world is currently down over 8 % to$ 76, 328, with a decline of 10.8 % in the market cap of the entire crypto market.
The falls have rekindled comparisons to October 1987’s” Black Monday,” when markets sputtered in a single treatment due to the rapidness and level of the declines.
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