The pump.fun meme coin, known as Trump Derangement Syndrome crypto, saw a decline of over 18% following a significant drop in the stock market attributed to Trump’s announcement of trade tariffs.
The TDS token experienced a sharp decrease of more than 20% on April 7 around 8:15 AM UTC, coinciding with steep declines across Asian, European, and U.S. stock markets. The cryptocurrency market reflected this economic instability as major coins like Bitcoin (BTC) and Ethereum (ETH) also suffered losses.
As of the latest updates, the Trump Derangement Syndrome crypto has slightly rebounded from its low. It remains down by over 15% and is currently trading at $0.00011. The token hit its all-time low of $0.0001051 last month, and it is now just 2% away from that record low.
The crypto gained popularity among traders after New York City Mayor Eric Adams mentioned the term in a conversation with podcaster and comedian Andrew Schulz. Adams remarked that many Americans appear to suffer from what he labeled “Trump Derangement Syndrome,” which influenced their actions.
“The Trump Derangement Syndrome is real… You could hate someone so much that even if they do something right,” Adams stated during the interview.
Initially launched on November 10, 2024, through the pump.fun platform, the Solana (SOL)-based meme coin saw its price peak at $0.025 before experiencing a further decline two weeks later. It now holds a modest market cap of just $107,597 along with a 24-hour trading volume of only $1.63.
The token derives its name from the term “Trump Derangement Syndrome,” which describes a perceived mental state where individuals exhibit irrational behavior stemming from their strong dislike of Donald Trump. Its value has continued to slide since Trump announced his Liberation Day tariffs, with a drop of 30.5% over the past week.
On the same day as TDS experienced its downturn, global stock markets faced significant declines ranging from 10% to 50% following Trump’s announcement of tariffs on U.S. imports affecting over 180 countries and regions. Correspondingly, the cryptocurrency market faced similar losses, with the total market cap decreasing nearly 11% to $2.49 trillion.
In the last 24 hours, Bitcoin fell below $75,000 for the first time since November 7, 2024, while Ethereum dropped below $1,500 for the first time since March 2023.
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