Research: Over 60% of Trump Meme Coins Are Dead

Key Takeaways

Trump-themed meme coins flooded the market in early 2025, riding the wave of political momentum. But just months later, most of them crashed in price, lost liquidity, and were abandoned by traders.

Cryptonews analyzed Trump-related tokens and found that the vast majority have already failed. The Trump meme coin market shows how risky and messy political crypto can be — with coins rising and crashing fast, and signs that insiders might be cashing out.

Over Half of Trump Meme Coins Have Lost 90% From Their ATH

Our analysis shows that 63% of Trump-themed meme coins have fallen more than 90% from all-time highs (ATH). 58.5% of the tokens also recorded less than $1,000 in trading volume over the past 30 days — a sign of fading trader interest.

​​Most Trump meme coins are traded on decentralized exchanges (DEXs), where a single token can be split across multiple liquidity pools. This setup often results in wild swings in both volume and liquidity. A boom-and-bust pattern is common and is often driven by social media hype and speculative trading. A token’s trading volume might reach several million in one month and fall to just a few thousand the next.

This pattern is less visible in larger tokens like Official Trump (TRUMP), which maintains more consistent trading activity.

One example is TRUMP MAGA (MAGA), which was launched in the middle of the U.S. presidential campaign season. According to GeckoTerminal, its trading volume peaked in December and January, averaging around $105 million per month.

By March 1, the volume had declined to $59.3 million, and by April 1, it dropped to $5.9 million. This represents a decrease of approximately 94.38% over that period.

Abbass Abdul Sater, Head of Sales at Capital.com, told Cryptonews what affected the price of Official Trump. His comments also reflect broader trends seen across similar meme coins in this category:

The coin soared in value almost immediately, drawing in Trump supporters, speculators, and curious retail investors. But the excitement didn’t last long—within weeks, $TRUMP had lost nearly half its value. Reports pointed to insider sell-offs at the top, fueling accusations of a pump-and-dump scheme. With no real utility behind the token, many began to question whether the coin was ever more than a flashy fundraising tactic.

Q1 2025 Sees Spike in Trump Meme Coin Launches

Most Trump-themed meme coins were launched in Q1 2025, particularly in January and February. This timing highlights the strong influence of political context on their creation. The U.S. presidential inauguration took place in January, which likely contributed to the spike in token launches. On Jan. 17, Official Trump was deployed and remains one of the most actively traded Trump-related tokens to date.

The frenzy kicked off in early January, just ahead of Donald Trump’s inauguration, and quickly turned into a gold rush. February brought more of the same, as traders tried to mimic the success of Official Trump. But despite the flurry of new tokens, none managed to capture the same momentum. The trend spilled into March, yet the coins launched that month struggled to draw the kind of attention or trading volume seen in January.

However, some Trump-themed tokens were launched one or even two years earlier. For example, FreeTrump(TRUMP) was created over two years ago and listed in a Uniswap V2 pool on a DEX. The token is now considered inactive or “dead,” as its price has dropped nearly 100% from its all-time high of $0.0755 on May 31, 2024.

Final Thoughts

The Trump meme coin trend has shown to be highly sensitive to political sentiment and headline events. The first quarter of 2025 saw a surge in new token launches, especially in the run-up to Donald Trump’s inauguration. But while the hype was real, staying power wasn’t. Most of these tokens failed to hold attention, with many already seeing trading volumes collapse and prices drop more than 90% from their highs.

Official Trump hit its all-time high of $75.35 on Jan. 19, at the peak of public interest. While the token still sees relatively strong trading activity, its price has fallen to $7.80 as of April 8 — a nearly 90% decline. The sharp drop highlights just how fleeting the momentum can be for politically themed meme coins.

Abbass Abdul Sater pointed to deeper structural concerns:

Its structure raised red flags too, particularly around campaign finance rules, as it allowed for anonymous, unlimited contributions — potentially opening the door to a new kind of political dark money. The fallout has prompted calls for tighter regulation, and legal consequences may follow, from SEC investigations to potential lawsuits. While early participants and insiders walked away with gains, latecomers were left holding the bag. In the end, even though the coin crashed, it kept Trump’s base energized — and may have quietly helped fund other ventures behind the scenes.

In the end, Trump-themed tokens have largely acted as speculative vehicles rather than lasting assets. Without real utility or stronger ecosystems behind them, most are unlikely to bounce back — or remain relevant.

How We Did the Research

The analysis is based on open-source on-chain data, primarily from GeckoTerminal and CoinGecko. The majority of the tokens were traded on DEXs, where Trump-themed meme coins are most commonly found. Prices were tracked from each token’s launch until April 2, 2025.

Trump meme coins are highly fragmented. A single token may have several liquidity pools or duplicates. GeckoTerminal lists around 250 such tokens, but no official or complete registry exists.

Duplicate and overlapping pools were removed, resulting in a final dataset of 119 tokens, which provides a representative view of the current market. For the purpose of this analysis, tokens that had dropped more than 90% from their all-time high were categorized as “dead.”

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