Crypto Trader’s Wild Ride Ends in $21 Million Loss Following Tariff Crisis

A cryptocurrency trader who once saw massive profits with TRUMP memecoin is now grappling with substantial losses due to the economic turmoil sparked by U.S. tariffs.

This trader, who initially earned over $11 million from buying TRUMP at $12 million and selling at $23.8 million, watched their fortunes flip after the trade war escalated. The market plummeted as China retaliated with its own tariffs, further destabilizing crypto assets.

The trader made another large bet, spending $33.9 million on additional TRUMP tokens, hoping for continued growth. However, with the memecoin’s price collapsing in the wake of ongoing tariff wars, their holdings are now worth just $12.85 million, resulting in a staggering loss of over $21 million.

This situation has led to debates on whether Trump’s administration has inadvertently manipulated crypto markets, fueling speculation about insider strategies. Some analysts claim that his actions, including launching TRUMP coin, have strategically absorbed liquidity from altcoins, creating opportunities for those “in the know.”

Meanwhile, with tariff actions on Canada and Mexico now paused, the market has started to show signs of recovery, with hopes high that upcoming developments—such as plans for a U.S. crypto reserve—could benefit the crypto market. However, for traders like the one caught in TRUMP’s volatile cycle, the stakes remain high, with many questioning whether the market will stabilize or continue to see turmoil.