Meme coins plummeted over the weekend as President Donald Trump signed long threatened tariffs on Mexico, Canada and China, kicking off a trade war that caused investors to dump risk assets worldwide.

TRUMP, the Solana-based meme coin associated with President Donald Trump, has seen a steep decline following his recent attempt to promote it on social media.

Entities behind President Donald Trump’s crypto coin have accumulated close to $100 million in trading fees in less than two weeks, according to estimates from three blockchain analysis firms, a large windfall from a venture that has seen tens of thousands of small traders lose money.

The capital is embracing the crypto crowd with President Trump’s return to office, marking a reversal of the Biden administration’s legal pursuit of companies such as FTX.

The $TRUMP token refused to climb even after U.S. President Donald Trump said he loves the meme coin, triggering criticism from some users on X amid dwindling social media interest in the crypto coin.

Speculative meme coin funds will test the Securities and Exchange Commission’s boundaries under President Trump.

President Donald Trump’s goodwill in the cryptocurrency industry has taken a hit after he and his wife launched meme coins — a move critics say looks like an unseemly cash grab that undermines an effort to legitimize digital assets.

The launch of the Trump token, which hit a $15 billion valuation, rides the trend and raises questions. Axios reporter Brady Dale explains what a meme coin is and what owners can actually do with them.