Trump meme coin down 96% as Bitcoin and meme coins slide

On Jan. 19, 2025, someone paid $75.35 to buy a Trump meme coin. Today, assuming that investor held the cryptocurrency, the investment has lost 96% of its value.

The crypto market has been more volatile than usual in recent weeks. Last week alone saw daily swings of as much as $10,000 in Bitcoin, the leading digital currency, pushing it down to nearly $60,000, a level not seen since 2024.

Bitcoin has since recovered somewhat, though it is still hovering near $70,000, well below its $122,000 high last October.