Emma Nelson 
Trump Reinstates Tariffs on Mexico and Canada: Top 5 Memecoins to Sell Amid Crypto Market Turbulence. U.S. President Donald Trump has once again shifted his focus to trade tariffs, announcing the reinstatement of tariffs on Mexico and Canada. Initially put on hold, these tariffs are set to take effect next week, sending shockwaves across financial markets, including the cryptocurrency sector. This development has exacerbated the ongoing downtrend in the crypto market, increasing volatility, particularly for meme-themed cryptocurrencies. Given the market conditions, it’s crucial to evaluate these five memecoins that may face further declines. Let’s delve into the details.
Top 5 Memecoins to Sell Now
The last time Donald Trump imposed tariffs on Mexico and Canada, investor sentiment was severely impacted, leading to significant market downturns. The latest announcement of tariff reinstatement has once again triggered turbulence across financial markets, including crypto.
Meme coins, in particular, have been hit hard, experiencing heightened volatility as they were already under pressure. Based on their price performance, investor sentiment, utility, and market outlook, the top five memecoins to consider selling are DOGE, TRUMP, MELANIA, BROCCOLI, and LIBRA.
Memecoins
1. Dogecoin (DOGE) – Potential for Further Price Drop
Dogecoin, the leading meme-themed cryptocurrency, is not immune to market turbulence. Earlier today, DOGE’s price plunged to a multi-month low of $0.21, marking a 9% decline within 24 hours and a 40% drop over the past month.
Market experts are concerned about DOGE’s downward trajectory, with some predicting a potential drop to $0.10 if the current trend continues. Given its struggling performance, DOGE is a top candidate among memecoins to sell before further losses materialize.
2. Official Trump (TRUMP) – Whale Dumping Signals Trouble Ahead
The Official Trump meme coin initially gained significant traction in the crypto community due to its strong association with Donald Trump. However, its bullish momentum has faded, as the token is now down 82% from its peak value.
The situation has worsened as large investors, or “whales,” have begun offloading their holdings at a rapid pace. On-chain analytics reveal that over $9.47 million worth of TRUMP tokens have been dumped, signaling a lack of confidence in its future performance.
The combination of heavy whale selling and uncertain market sentiment indicates potential volatility ahead, making TRUMP one of the memecoins to consider selling.
3. Official Melania Meme (MELANIA) – Suffering from Whale Sell-Offs and Controversy
The MELANIA meme coin has also been severely impacted by whale sell-offs, much like its counterpart TRUMP. Recently, major investors sold 13.98 million MELANIA tokens, adding to the downward pressure on its price.
Analysts have raised concerns about heightened volatility and the token’s lack of solid utility. Additionally, controversy surrounding insider trading allegations has surfaced, with reports suggesting that the MELANIA team may have manipulated prices during its launch.
Given its struggling price performance and ongoing controversies, MELANIA is another memecoin at high risk of continued decline.
4. LIBRA (LIBRA) – Scam Allegations and Market Uncertainty
The LIBRA meme coin has been embroiled in controversy due to allegations of fraud and insider manipulation. Reports indicate that the LIBRA team withdrew liquidity from its pool, causing massive losses for investors. Insiders allegedly took control of all profits, raising red flags within the crypto community.
With rising skepticism, uncertainty about LIBRA’s future, and a lack of real utility, this meme coin is highly volatile and poses significant risk to investors. Selling LIBRA before further price collapses may be a prudent decision.
5. Broccoli (BROCCOLI) – Declining Hype and Market Performance
Inspired by Binance CEO Changpeng Zhao’s pet, the Broccoli meme coin initially gained traction but soon lost momentum. The token saw a 50% price decline shortly after its launch, reflecting a lack of sustained interest.
The hype surrounding Broccoli was largely short-lived, as it has no real connection to CZ or Binance. In the current turbulent crypto market, the token faces the risk of further price drops. Considering its declining performance and lack of fundamental support, Broccoli is among the memecoins to sell.
Macroeconomic Impact and Investor Sentiment
The reinstatement of tariffs on Mexico and Canada by Donald Trump has sparked renewed volatility across global markets, including cryptocurrencies. The broader crypto market remains highly sensitive to macroeconomic news, influencing investor sentiment and triggering significant price swings.
This turbulence has particularly impacted meme coins, as they are largely driven by hype and market sentiment rather than intrinsic value. Investors are advised to carefully consider their portfolios and assess the risks associated with highly volatile memecoins such as DOGE, TRUMP, MELANIA, LIBRA, and BROCCOLI.
Investment Strategy and Market Opportunities
While selling risky memecoins may be a wise decision given the current market landscape, the ongoing dip also presents opportunities to buy promising digital assets at a discount. Investors should conduct thorough research and strategically select potential meme coins to buy that have stronger fundamentals and utility.
