Dogecoin, SHIB and PEPE Bounce as Official Trump Meme Coin Sees Middling Gains
Summary
Most major meme coins have experienced a bounce recently, with Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) rebounding by 9.2%, 7.9%, and 16.3% respectively. The Official Trump (TRUMP) token, however, has only increased by 1.5% and is down 21% over the week, marking the largest weekly loss among the top five meme coins. TRUMP has fallen 85% from its all-time high, now at a $2.09 billion market cap, compared to its peak of $15.16 billion. Public sentiment towards Donald Trump has declined, with 51% of US voters viewing him unfavorably. His trade war and recent tariffs have contributed to broader market declines, including a 3.6% drop in the S&P 500. Despite this, the overall meme coin market has risen by 8%.
