The meme coin market is crashing, losing hundreds of millions in market cap as risk sentiment goes down across crypto. Over the past 24 hours, big tokens like Dogecoin (DOGE), Shiba Inu (SHIB) and TRUMP have all dropped big time, proving that speculative assets are still vulnerable in a jittery macro environment.
TRUMP Token Leads the Decline
TRUMP/USDT dropped 13.34% to $12.96, erasing all the gains of the week. Despite generating $625 million in volume (thanks to social hype and political headlines) TRUMP couldn’t hold on to the gains. The token is showing investor fatigue and a shift away from risk trades.
On the 1-hour chart TRUMP is compressing in a symmetrical triangle, price is just below the 50 period EMA at $12.77. The recent price action showed a brief breakout to $13.88 but the bulls couldn’t hold on. The MACD is positive and the histogram is green, but a close above $13.88 is still needed to confirm the setup. Until then $12.21 is the level to watch, if it breaks below that it could go down to $11.59.
Other Meme Coins Follow
While TRUMP was the headliner, other meme tokens followed:
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DOGE -4.23% to $0.2171
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SHIB -5.59% to $0.00001425
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PEPE -8.34% to $0.00001239
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BONK -12.19% to $0.00001881
BONK’s drop is especially notable since $4 million went into cold storage recently (usually a bullish sign). Even long term holders seem spooked by the fast sell off.
Volatility and Leverage is the Fire
Analysts point to a mix of rising market volatility, deleveraging and profit taking after weeks of meme coin rallies. As Bitcoin struggles to break above $104K and Ethereum is under technical pressure, altcoins (especially the hype ones) are taking the hit.
due to the allegations on politically affiliated tokens and the question of sustainability of volume without underlying structure. While social momentum is still a big driver in this space, investor appetite seems to be drying up without major catalysts.
Outlook: Wait for Confirmation
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Bullish above $13.88 to $14.75 and $15.32
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Bearish below $12.21 to $11.59
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MACD support and price compression means a big move is coming but direction is unknown
Until Bitcoin stabilizes and TRUMP clears its technicals, meme coin traders should wait and not chase the short term volatility.
