The meme coin Trump Derangement Syndrome (TDS), launched via pump.fun, saw a sharp 20% plunge early Monday morning following a broader crash across global stock and crypto markets. The crash is widely linked to former President Donald Trump’s recent announcement of sweeping trade tariffs, a move that rattled both traditional finance and digital asset investors.
TDS Token Reacts to Economic Shock
At around 8:15 AM UTC on April 7, the TDS token dropped over 20%, closely mirroring the steep sell-off in Asian, European, and U.S. markets. The crypto space followed suit, with major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) plummeting by 6.77% and 15.21%, respectively.
At press time, the TDS token is trading at $0.00011, still down more than 15%, recovering only slightly from its earlier dip. The meme coin is now hovering dangerously close to its all-time low of $0.0001051, recorded last month—just a 2% difference separates the current price from a new record low.
Origins and Hype Behind TDS
The TDS token is built on the Solana blockchain and first launched on November 10, 2024 through the pump.fun platform. It quickly gained attention after New York City Mayor Eric Adams mentioned “Trump Derangement Syndrome” during a podcast interview with comedian Andrew Schulz, calling it a condition where people “hate someone so much that even if they do something right,” they can’t acknowledge it.
Riding the buzz, the coin peaked at $0.025 shortly after launch but fell rapidly in the following weeks. As of now, the token has a market cap of only $107,597 and a 24-hour trading volume of $1.63, signaling minimal liquidity and participation.
Global Fallout from Tariff Announcement
The timing of TDS’s plunge coincides with the recent collapse in global equity markets, which saw dramatic losses ranging from 10% to 50% across regions. The downturn was triggered by Trump’s “Liberation Day” tariffs, which impose new import duties on goods from over 180 countries and regions.
The crypto market didn’t escape unscathed. The total crypto market cap fell 11%, dropping to $2.49 trillion. Bitcoin dipped below $75,000 for the first time since November 2024, and Ethereum broke under the $1,500 mark, last seen in March 2023.
The Future of TDS: A Meme or a Meltdown?
While meme coins often trade on hype and social relevance, TDS’s continued slide underscores the risk of low-volume tokens tied to controversial themes. With little real-world utility, minimal liquidity, and a shrinking holder base, the token faces significant headwinds, especially in a climate of economic uncertainty and shifting global trade policies.
As the global financial landscape adjusts to Trump’s tariff measures and the ongoing volatility in digital markets, the future of niche meme tokens like Trump Derangement Syndrome remains uncertain balancing precariously between cultural commentary and crypto irrelevance.
