--- title: "The Value of Trump’s Meme Coin Keeps Plummeting" description: "President Donald Trump's dubious meme coin just keeps sliding. But he may have already gotten what he was looking for." date: "2025-02-03" modified: "2025-02-03" authors: - name: "Victor Tangermann" job_title: "Senior Editor" link: "https://futurism.com/authors/victor" url: "https://futurism.com/the-byte/value-trump-meme-coin-keeps-plummeting" categories: - "Bitcoin" - "Blockchain" - "Cryptocurrency" - "Future Society" tags: - "bitcoin" - "donald trump" - "meme coins" - "the digest" --- # The Value of Trump’s Meme Coin Keeps Plummeting ![President Donald Trump's dubious meme coin just keeps sliding. But he may have already gotten what he was looking for.]() *\Image: Getty / Futurism\* ## Meme Team President Donald Trump's dubious meme coin just keeps sliding. Trump's "official" crypto venture has lost about thirty percent of its value [over the last seven days](), and is down well over 50 percent since it was coined days before the inauguration. The latest dip seems at least in part due to Trump's tariffs on Mexico, Canada, and China, which kicked off a trade war and spooked investors into ditching volatile assets (the tariffs aimed at Mexico have since been [delayed]() by a month). Whether its continuous demise matters at this point is unclear. As [*Reuters* reports](), Trump's meme coin extracted an estimated $100 million in trading fees alone from his supporters, which ended up in the pocket of an entity Trump owns called CIC Digital. But it's not just Trump's personal cash grab that's sliding. Other popular meme coins, including billionaire Elon Musk's favorite dogecoin, are also posting major losses. "Every coin that recently rallied through January, including memes like \[dogecoin\], have essentially handed back most of their gains," trading platform Crypto Valley Exchange CEO James Davies [told *CNBC*](). The downward trend highlights a glaring discrepancy between Trump's isolationist saber rattling and the ethos behind cryptocurrencies and the free flow of digital assets. "Crypto is fundamentally about freedom to make and conduct trades, which runs counter to the global political narrative of the last week," Davies told *CNBC.* "As a community, we are pro free-trade... when that is being restricted, many investors are risk-off in terms of their holdings." ## Biggest Loser Whether Trump even understands the highly volatile asset is a bit of a mystery. The president's previous comments suggest an extremely limited degree of knowledge. "I don't know much about it other than I launched it," Trump [told reporters]() last week. "I heard it was very successful, I haven't checked it." Apart from extracting value from his supporters and [inspiring plenty of imitators](), Trump's meme coin also [greatly irked cryptocurrency execs](), who argued that the scheme undermined the tech's reputation just when they were poised for success. Trump's and his wife Melania's meme coins "cost the US, the presidency and his family a lot of credibility," investment provider VanEck director of digital-asset strategy Gabor Gurbacs [told *Bloomberg*]() at the time. Meanwhile, major cryptocurrency Bitcoin also [dropped below $100,000]() for the first time in roughly two weeks over the weekend, though it's [since recovered](). Trump's son Eric, meanwhile, told *Reuters* that his father's meme coin is "currently the hottest digital meme on Earth." "We are just getting started," he added. **More on the meme coin:** *[Trump’s Meme Coin Is Down 64 Percent From Its High]()* ## Author I've been at Futurism since 2017, where my role has evolved to encompass design, writing, and increasingly editing. I've always been fascinated by space exploration and advanced transportation, which I've leaned into by interviewing luminaries in those fields while closely following the dimensions of policy and regulation that allow next-generation projects to succeed -- or, sometimes, to fail. I'm also keenly interested in the effects of generative AI on society, policies, and democratic institutions, as well as clean energy, physics and biology, and the vagaries of tech leadership. My work for Futurism has been cited by publications including Ars Technica, Gizmodo, PC Magazine, Jalopnik, Fox News, and the New York Post. I spent my childhood living in locations including Manila, the Philippines, and Geneva, Switzerland, attended McGill University, and now live in Toronto, Canada. Before Futurism I worked at AskMen and a small photography studio. In my free time, I'm an avid gardener, foodie, and craft beer lover, as well as a maker of artisanal hot pepper sauces. I have a magnificent dog named Freida. ### Author social links [Bluesky]()