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

May 17, 2025
in Crypto
TRUMP, DOGE & SHIB Suffer Amid Meme Coin Crash: What’s Behind the Selloff?

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. 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… Read More at Coingape.com

The post TRUMP, DOGE & SHIB Suffer Amid Meme Coin Crash: What’s Behind the Selloff? appeared first on CoinGape.

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