President Trump's meme coin is raising alarm bells

3 Reasons to Avoid These Meme Coins at all Costs
In the previous crypto bull market cycle, both Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) were standout performers. They skyrocketed in price in a remarkably short period of time and helped to popularize the idea of investing in meme coins.
Trump meme coins plummeted amid tariff turbulence
Trump’s meme coin, $TRUMP, and Melania Trump’s coin, $MELANIA, plunged as the news agitated markets worldwide, according to Axios. $TRUMP — unveiled days before his inauguration — saw its value drop by 18% just over the last day. It's now down to $17.50 per token, compared to a peak of $72.62 the day before his swearing-in.
Why President Trump's meme coin is raising alarm bells
The launch of President Trump's meme token was met with mixed reactions among the crypto community. On one hand, Trump allied with crypto backers on the campaign trail, promising to cut back on legal challenges brought against crypto businesses and promote innovation in the United States.
Trump meme coin loses $10 billion amid tariff sell-off
Axios Visuals Tariff anxiety has hit the cryptocurrency markets hard, shaving about $10 billion off President Trump's paper wealth over the last week. Why it matters: The launch of the Official Trump meme coin printed many billions of dollars of unrealized wealth for the president's company earlier this month,
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But meme coins are suddenly more serious. Spurred on by Donald Trump's new embrace of cryptocurrency, meme coins are attracting more fans and fresh scrutiny. Days before he took office for a second term,
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