Several meme coins tied to Zhao’s tweets have surged to large valuations before steep declines. ・Past examples include tokens linked to his dog, emojis, and offhand comments. ・The most recent instance occurred with the Wo Ta Ma Lai Le token,

Former New York City Mayor Eric Adams launched a NYC meme coin on Monday, which surged to a $580 million market cap before crashing 81% to $110 million as a wallet linked to the deployer pulled $2.5 million in liquidity at the peak.

Despite its price making it inaccessible to small investors, TAO remains one of the top AI coins 2026, a title which it’s expected to defend. If the recent surge turns out to be corrective and TAO loses the $290 support, there’s a possibility of further correction.