News

TRUMP, DOGE & SHIB Suffer Amid Meme Coin Crash: What’s Behind the Selloff?

Meme coin crash intensifies as Dogecoin, Shiba Inu, and Trump tokens plunge. Here’s what’s driving the crypto selloff.
Published by
TRUMP, DOGE & SHIB Suffer Amid Meme Coin Crash: What’s Behind the Selloff?

Highlights

  • TRUMP token drops 13.34% in 24h, DOGE down 4.23%, SHIB slips 5.59%.
  • Meme coin crash triggers nearly $2B in volume across major tokens.
  • Pepe and Bonk also suffer sharp declines.

The ongoing meme coin crash is wreaking havoc across top tokens. Dogecoin (DOGE), Shiba Inu (SHIB), and the TRUMP meme coin all recorded steep losses in the last 24 hours. The broader crypto market selloff appears to be triggering a wave of volatility, with meme coins being hit the hardest.

While this drop is part of the overall crypto market shakeout during this period, profit-taking traders look to make the most of it as most bearish metrics appear temporary.

Advertisement

Meme Coin Crash Hits TRUMP, Dogecoin and Shiba Inu

The latest slump in top meme coins has rattled the market.

The Trump token led the decline, plunging 13.34% to $12.42. Before crashing, the TRUMP Token was pulling all-time high traffic with the US President making headlines on his tour in the Middle East 

The TRUMP token drop signals heavy speculation with over $625 million in 24-hour trading volume. Meanwhile, Dogecoin price fell 4.23%, now trading at $0.2171, and Shiba Inu coin slipped 5.59% to $0.00001425.

Advertisement

PEPE and BONK Add to the Meme Coin Crash

The selloff isn’t isolated to just DOGE and SHIB. PEPE and Shiba Inu (SHIB), coins which were once riding high on viral momentum, are now sliding hard as the market dips. 

Pepe coin (PEPE) dropped 8.34%, trading at $0.00001239, while Bonk (BONK) plunged 12.19% to $0.00001881, despite reports of $4 million worth of BONK being moved into cold storage — a sign that long-term holders are not giving up yet.

Advertisement

What’s Fueling the Crash?

The market’s risk-off sentiment is pushing out leveraged players, with long liquidations surging across exchanges.

The Trump meme coin, known for its high retail exposure, appears to be facing exhaustion as trader sentiment sours. In related news, an Eric Trump meme coin collapsed amid allegations of price manipulation from analysts.

The meme coin crash has wiped out hundreds of millions in value, highlighting how risky this part of the crypto market can be. With DOGE, SHIB, and TRUMP all falling, investors are now watching Bitcoin closely for signs of a possible recovery.

During this period, the bullish momentum of Bitcoin [BTC] has also slowed down. There has been and massive sell-off in Ethereum, but the overall altcoin market has been trending higher for a month, and saw some short-term setbacks.

Advertisement

Share
Coingapestaff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

Breaking: Trump To Meet China’s President On October 30, Bitcoin Bounces

Bitcoin surged above $111,000 after confirmation that President Donald Trump and Chinese President Xi Jinping…

October 23, 2025
  • News

Breaking: Trump Pardons Binance’s Changpeng “CZ” Zhao, BNB Spikes

U.S. President Donald Trump has reportedly pardoned Binance founder Changpeng "CZ" Zhao for his conviction…

October 23, 2025
  • News

Peter Schiff Challenges Binance Founder CZ to Debate as Bitcoin Vs. Gold Rivalry Heats Up

Bitcoin critic and renowned economist Peter Schiff has challenged Binance co-founder Changpeng "CZ" Zhao to…

October 23, 2025
  • News

Robinhood Lists HYPE As Hyperliquid Flips CZ Backed Aster In Perp DEX Volume

Crypto exchange Robinhood has listed Hyperliquid's native token HYPE for its U.S. clients. This comes…

October 23, 2025
  • News

Expert Warns More Crypto Bloodbath Ahead of CPI Data Tomorrow

The U.S. Bureau of Labor Statistics (BLS) will release the Consumer Price Index (CPI) data…

October 23, 2025
  • Bitcoin News
  • News

US President Promises Deal With China on Everything As ‘Trump Insider’ Begins To Close Bitcoin Shorts- Is A BTC Recovery Ahead?

The “Trump insider whale” has begun closing its Bitcoin short positions just as the U.S.…

October 23, 2025