The pump.fun meme coin, Trump Derangement Syndrome crypto, plummeted more than 18% following the stock market crash believed to be the result of Trump introducing trade tariffs.
The TDS token fell more than 20% on April 7 at around 8:15 AM UTC after the Asian, European and U.S. markets saw sharp declines in stocks. The crypto market also mirrored the economic volatility in traditional markets as major coins like Bitcoin (BTC) and Ethereum (ETH) plummeted.
At press time, the Trump Derangement Syndrome crypto has recovered slightly from the fall. It is down by more than 15% and is currently trading hands at $0.00011. The token recently reached its all-time low last month when it fell to $0.0001051. At a difference of only 2%, the token is inching dangerously towards its all-time low.
The Trump Derangement Syndrome crypto started gaining traction among traders after New York City Mayor Eric Adams brought up the term in an interview with podcaster and comedian Andrew Schulz. Adams said that many Americans suffer from what he deemed was “Trump Derangement Syndrome” which led them to do
“The Trump Derangement Syndrome is real… You could hate someone so much that even if they do something right,” said Adams in his recent interview.
The Solana (SOL)-based meme coin was initially launched through the pump.fun platform on November 10, 2024. Trump Derangement Syndrome crypto reached a peak price of $0.025 before falling further down two weeks later. Since then, it has accumulated a measly market cap of only $107,597 and a 24 hour trading volume of only $1.63.
It is named after the buzzword “Trump Derangement Syndrome,” which is described as “a mental condition where individuals are said to be driven to irrational behavior due to their intense dislike of Donald Trump.” However, it has fallen even further down since Trump introduced his Liberation Day tariffs. In the past week, the token has gone down by 30.5%.
On the same day as TDS’ recent drop, the global stock markets have experienced sharp declines ranging from 10% to 50% since Trump announced tariffs on U.S. imports for products coming from more than 180 countries and regions. On the other hand, the crypto market suffered similar losses, with the overall crypto market cap dropping nearly 11% to $2.49 trillion.
Within the past 24 hours, Bitcoin fell below $75,000 for the first time since Nov. 7, 2024. Meanwhile, Ethereum declined below $1,500 for the first time since March 2023.
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