- $Trump Meme Coin Collapse: The cryptocurrency lost over 80% of its value, wiping out $12 billion and leaving investors with steep losses.
- Trump’s Crypto Push Continues: Despite the crash, Trump announced plans for a U.S. Crypto Strategic Reserve, including major cryptocurrencies like Solana, Cardano, and Ripple.
- White House Crypto Summit Planned: Trump will host a summit on Friday with industry leaders to discuss regulatory frameworks and strategies to boost the U.S. digital finance sector.
The collapse of the $Trump meme coin has wiped out over $12 billion in value, dealing a major blow to supporters who had invested in the cryptocurrency. Launched on January 17, 2025, as a digital symbol of allegiance to former President Donald Trump’s second term, the coin initially soared but has since plummeted by over 80%. Its market capitalization has shrunk from a peak of $15 billion to just $2.7 billion, leaving many investors grappling with massive losses.
Despite the sharp decline, Trump remains undeterred, doubling down on his cryptocurrency agenda. On Sunday, he announced plans to create a U.S. Crypto Strategic Reserve, a new initiative aimed at strengthening America’s presence in digital finance. The reserve will include established cryptocurrencies like Solana, Cardano, and Ripple, positioning the U.S. as a global leader in the sector. This move follows Trump’s earlier executive order, “Strengthening American Leadership in Digital Financial Technology,” issued on January 23, which directed federal agencies to accelerate efforts toward a national cryptocurrency reserve.
The fallout from the $Trump coin’s collapse has intensified scrutiny of meme coins, which often lack real-world utility and rely heavily on hype. Melania Trump’s own foray into the meme coin market has performed even worse, with her endorsed token plummeting 94% since January 20. In response to these controversies, Democratic lawmakers have introduced the “Modern Emoluments and Malfeasance Enforcement (Meme) Act,” aimed at preventing high-ranking government officials and their families from launching such digital assets.
Adding to the turbulence, the broader cryptocurrency market has also suffered in recent weeks. Bitcoin lost 20% of its value following Trump’s inauguration, with critics pointing to a lack of clear regulatory direction from his administration. While some believe Trump’s failure to establish a strategic Bitcoin reserve has exacerbated market uncertainty, others argue his latest initiatives could help stabilize the sector.
Hoping to restore confidence, Trump will host the first-ever White House Crypto Summit on Friday, bringing together industry leaders, investors, and policymakers. The summit is expected to unveil additional measures to support the digital finance industry. While analysts remain cautious about the administration’s ability to deliver meaningful change, Trump’s latest moves suggest a pivot toward more established cryptocurrencies. Whether this strategy will be enough to regain investor trust and revitalize the market remains to be seen.
