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ANALYZING CRYPTO'S REACTION TO TARIFFS
Gold Memecoin Thrives Under New Change + Penguins Get Tariffs Now?
Hype Train
April 03, 2025
Presented by Hype
Welcome to the HYPE TRAIN - a newsletter that breaks down what's happening in the crazy world of memecoins. We'll be breaking down the WTF moments, Best Trades, and much more, while trying to provide some humor to your day.
Disclaimer: Take none of this as financial advice & do your own research
Aaand here we go:
Pleasant day to be a degen! Welcome to today’s edition of Hype Train, where we will be covering our staples today:
TOP Memecoin Performances😇
PENGUINS ARE GETTING TARIFFS!!!
CRYPTO’S REACTION TO TARIFFS?!?!?! 😱
AND………………stories that will shake your head🙈
CRYPTO STAPLES🥇*As of 3:20 pm EST on April 3rd
Coin | Price | Market Cap | %Change(24hr) |
|---|---|---|---|
$BTC | $81,963 | $1.6 Trillion | -4.9% |
$ETH | $1,786 | $215 Billion | -5.7% |
$SOL | $115.09 | $59 Billion | -11.7% |
HYPE INDEX🐐
$9.07 | $1.8 Billion | -12.6% | |
$0.00001091 | $845 Million | -9.9% | |
$0.3854 | $385 Million | -24.5% | |
$0.3751 | $374 Million | -9.5% | |
$0.1548 | $151 Million | -16% | |
$0.0000003621 | $141 Million | -11.7% | |
$0.01449 | $139 Million | -14.3% | |
$0.01259 | $12.5 Million | -12.2% |
TARIFFS GALORE: EVEN ON PENGUINS🫡
$PT | $0.2010 | $2 Million | +3,822% |
Trump's latest tariff spree didn't just hit major economies, it even slapped a 10% tariff on the uninhabited Heard and McDonald Islands, home only to penguins. The move, meant to enforce "fair trade," sparked global confusion, with Australia’s PM calling it “unexpected and a bit strange.” Meanwhile, the $PT (Penguin Tariff) memecoin soared to a $5.2M market cap before cooling to $2M, leveraging the penguin meta.
“But guys, we don’t even trade with your country”
“Shut the fuck up penguin. Did you even say thank you? We’re tired of you taking advantage of hard working American patriots”
— litquidity (@litcapital)
3:13 PM • Apr 3, 2025
TARIFFS AFFECT ON CRYPTO🗣
Bitcoin plunged to under $82K following President Trump’s sweeping announcement of new tariffs on over 180 countries, rattling global markets and triggering a broad risk-off sentiment. BTC dropped more than 5% from its recent $88K high, with its 24-hour trading volume surging 88% to $54.7 billion as nervous investors offloaded positions. Meanwhile, altcoins were hit even harder, as Solana fell 11% to a 13-month low under $113, Dogecoin slipped 10%, and XRP sank 7.4% to $1.99.
The crypto sell-off mirrored chaos across traditional markets, where the S&P 500 lost over $2 trillion in market cap and the Nasdaq fell over 5%. Trump’s newly introduced “Liberation Day” tariffs, including a 10% baseline and up to 54% on countries like China, sparked fears of retaliation and inflationary pressure. Analysts say Bitcoin could regain momentum if it holds above the $81,500 support level, but with macro uncertainty rising and retaliatory trade moves looming, the market remains on edge.
*47% TARIFFS ON MADAGASCAR
— Geiger Capital (@Geiger_Capital)
8:41 PM • Apr 2, 2025
GOLD’S REACTION TO TARIFFS
$GOLD | $0.0008656 | $864 Thousand | +964% |
Global tariffs caused initial confusion in the metals markets, but clarity came when the White House confirmed that precious and industrial metals, including gold and silve, would be exempt. Spot gold initially surged to an all-time high of $3,168 before profit-taking and broader market selloffs pulled it back to around $3,107. Silver experienced a similar pattern, peaking above $34 before dropping over 5% due to its exposure to industrial demand. Despite the dip, analysts say gold’s long-term safe-haven appeal remains intact amid growing economic uncertainty. In the wake of the tariff drama, the memecoin market reacted swiftly, $GOLD, a gold themed token, skyrocketed 900% to a $864k market cap.
BREAKING: Gold price hits $3200, a record high
— The Spectator Index (@spectatorindex)
10:37 PM • Apr 2, 2025
MEME OF THE DAY
I had them wide backs at work MAD AF!!!!!
— The Chief ⚓️ (@C2thaL2thaIGG)
1:23 PM • Apr 2, 2025
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That’s all for today’s edition, see you degens tomorrow!
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.