“Trump meme coin down 96% as Bitcoin and meme coins slide
From Trump and Melania tokens to Dogecoin and Shiba Inu, meme coins are being hit hardest in a volatile crypto downturn.”
“On January 19, 2025, someone paid $75.35 to buy a Trump meme coin. Today, assuming that same investor held the cryptocurrency, the investment has lost 96% of its value.The crypto market has been more volatile than usual in recent weeks. Last week alone saw daily swings of as much as $10,000 in Bitcoin, the leading digital currency, pushing it down to nearly $60,000, a level not seen since 2024.”
“Nonpolitical meme coins have also seen steep declines. Dogecoin, which once flirted with $1 per coin, is now trading at just over 9 cents. That represents a 25% decline year to date and a 68% drop since last September.
Shiba Inu now costs $0.000006060, meaning that buying 1,650 coins today would cost just under one cent—a 20% drop from its highs last October. Losses over the past week span the broader meme coin market: Pepe fell 13%, B0nk dropped 16%, Pudgy Penguins declined 20%, and Pippin slid 35%. (No, we didn’t make any of those names up, and no, it’s not surprising if you haven’t heard of several of them.)”
Fast Company