The cryptocurrency market faced a significant downturn on October 11, 2025, following U.S. President Donald Trump's announcement of new tariffs on China. This led to the liquidation of over $19 billion in leveraged positions. Bitcoin's price dropped by 8.96% to $111,452.76, Ethereum fell 16.44% to $3,770.65, and BNB decreased by 6.81% to $1,093.59. Amid the market correction, the Pepeto meme coin ($PEPETO) gained traction, raising $6,996,954.27 in its presale. The project offers 221% APY staking rewards and is developing a zero-fee exchange and cross-chain bridge. Analysts believe that projects with strong utility and audits, like Pepeto, could drive the next bull run.