"Trump's Trade War Sinks Meme Coins, Dogecoin Plunges"

The crypto market experienced a significant downturn over the weekend and into Monday, with many meme coins, including Dogecoin, taking a hit due to President Trump's trade war announcements. The broader implications of these tariffs have caused investors to reassess their positions, leading to increased volatility in the crypto landscape.

Dogecoin, once a darling of the crypto world, has seen its price plummet in recent days. After reaching a three-year high of $0.48 following the U.S. election, Dogecoin's price has since fallen to nearly $0.21, a nearly three-month low. Despite a slight rebound on Monday, Dogecoin is still down 12% on the week.

The crypto market's 24/7 trading dynamic has exacerbated the selloff, with institutions able to tap their existing positions for liquidity instantly. This effect is particularly pronounced on weekends when traditional markets are closed, leading to exaggerated price moves in crypto, according to Matt Mena, a crypto research strategist at 21Shares.

Meme coins, which thrive on social media chatter and favorable macroeconomic conditions, have been particularly vulnerable to the trade war news. Austin King, co-founder of Omni Network, warns that investors are likely to flee high-risk, speculative assets like meme coins as threats of a global trade war emerge from the world's largest economy. This could lead to a decrease in liquidity for meme coins as investors seek lower-risk assets.

The tariff-sparked selloff comes as many meme coins were just starting to recover from a punishing stretch. The launch of the Trump meme coin last month created rocky conditions for tokens lacking utility, according to GSR Research Analyst Toe Bautista. Most meme coins fell 50% in price as TRUMP initially became a popular trade. The combination of macro uncertainty, including tariffs and broader equity volatility, has sent meme coin markets into free-fall.

The outlook for meme coins appears bleak as major economic factors converge. Launching new meme coins has become significantly challenging in the current environment, with trading volumes on platforms like Pump.fun witnessing a drastic drop. The shift in investor priorities suggests that without substantial utility and backing, newer meme coins could struggle to gain traction.

In conclusion, the ripple effects of President Trump's tariff policies have underscored