“Made in USA” Coins Hit Hardest by Trump’s Tariffs and Recession Fears

In Brief:

Trump-affiliated “Made in USA” tokens have seen double-digit losses, underperforming against international crypto projects.

On-chain data suggests Trump’s Crypto Reserve announcement and macroeconomic uncertainty have driven the decline.

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The crypto market downturn has disproportionately impacted U.S.-linked tokens, particularly those associated with Trump’s Crypto Reserve and World Liberty Financial (WLFI). While the broader market has corrected, Trump-affiliated tokens like LINK, AAVE, SUI, and ONDO have seen steeper drops of nearly 20%, while Cardano (ADA) plunged 40% following the Crypto Reserve announcement.

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In contrast, utility-driven projects outside the U.S., such as BNB, Mantra, and BGB, suffered only minor losses (2-5%). This divergence suggests that U.S. crypto assets are more exposed to economic policies, recession fears, and Trump’s evolving stance on crypto regulation.

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