Meme Coins Are Showing Strong Intraday Performance

The meme coin sector, known for its high volatility in the virtual asset (cryptocurrency) market, is showing strong intraday performance.

The meme coin sector, known for its high volatility in the virtual asset (cryptocurrency) market, is showing strong intraday performance. It is analyzed that the investment sentiment for meme coins, considered risky assets, has strengthened as concerns over the U.S.-China tariff war have been partially alleviated by President Donald Trump’s remarks.

According to CoinMarketCap, Dogecoin (DOGE), the leading meme coin, is currently being traded at $0.1818, showing an 14.36% increase from the previous day. Other top meme coins, including Shiba Inu (+11.72%), Pepe (+18.08%), Official Trump (+12.54%), and Bonk (+24.86%), are also showing notable performance.

A factor contributing to the rise in meme coins is the easing of concerns over tariff policy. At the inauguration ceremony of Paul Atkins, Chairman of the Securities and Exchange Commission (SEC), held at the White House on the 22nd (local time), President Donald Trump, when asked about the current state of negotiations with China, responded, "The U.S. is in a golden age, and China wants to be a part of it. If we don’t negotiate, we (the U.S.) will decide it and set the number."

However, the president's remarks signaled that the previously known strong measures against China may be somewhat eased. When asked if he would be taking a strong stance in trade negotiations with China, President Trump said, "No. We will treat them very nicely, and they will act very well. We’ll see what happens. But eventually, they have to negotiate."

The tariff rate is also expected to be lower than the previously known 145%. President Trump stated, "145% is a very high number. We talked about fentanyl, and various other factors have accumulated to make it 145%. (During negotiations, the tariff rate) will not be that high, and it will go down significantly. But it will not be zero (0%)."