Trump Memecoins Surge: Why Crypto Fans Can’t Ignore Them Anymore
Memecoins are becoming a serious investment category. Memecoins mean business now.
Memecoins are becoming a serious investment category. Memecoins mean business now.
Money printing and poor fiscal policy have reduced the dollar’s value since 1913, prompting countries to explore alternative assets.
The Trump family’s tokens may set a precedent for memecoin investing and attract more retail interest in cryptocurrencies other than Bitcoin and Ether.
The 30-page legal complaint alleges that Musk’s DOGE has violated the Federal Advisory Committee Act (FACA) 1972.
Despite mainstream appeal, the distribution of the Trump memecoins was flashing red flags for investors looking for long-term opportunities.
One crypto community member speculated that the Trump family may be “planning ahead,” while another said the move solves the Trump family’s “memecoin puzzle.”
The Donald and Melania Trump-backed memecoins that launched over the weekend have amassed a combined value of over $15 billion.
More than 400,000 traders were liquidated over the past 24 hours as Bitcoin plunged back below $100,000.
The Official Trump memecoin aims for prices in the triple-digit range, while SOL, BTC, XRP, ALGO and XDC prepare for a breakout to new all-time highs.
Many crypto influencers and financial analysts have characterized the TRUMP memecoin launch as a new era for capital formation.