Meme coins, including Dogecoin, Shiba Inu, Pepe, and Bonk, have experienced significant losses following a global market selloff triggered by U.S. President Trump's announcement of new tariffs on 185 countries. The broader market decline and fears of a global slowdown resulted in DOGE dropping 16.6% to $0.1377 and SHIB declining 11.3% to $0.00001077. As a consequence, the entire meme coin market's worth plummeted by 17%, leading to a total market capitalization of $41.7 billion. This selloff highlighted the volatility within the crypto market, particularly for meme coins that often react swiftly to macroeconomic developments. Amidst this turmoil, Bitcoin's price fluctuated but ultimately saw a decline, contributing to over $1.4 billion in liquidations across the crypto space. The situation continues to evoke comparisons to historical market crashes, intensifying investor anxiety.

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