Over the past few weeks, coins of memes centered around US politics have been consistently trending in decentralized exchanges. Repeated topics include the split of Trump/Masks in Los Angeles and the latest anti-ice protest.
Some notable examples include Grand Theft America, Kill (The) Bill, Rent only rises, the American Party, and more. Although speculative, these community-driven tokens show more decentralized characters than coins like Trump.
Political meme coins on the rise
While many strange and esoteric events can generate coins of related memes, political topics have become prominent in recent months.
President Trump’s meme coin with the same name kicked off this trend in January and has been growing to a new level ever since. Over the past few days, political meme coin executives have been consistently heading towards Dexs.
Political meme coin. Source: DexScreener
Over the past 24 hours, several important examples of political meme coins have been popular. Grand Theft America, for example, has won $600,000 in the last few hours for the Los Angeles Ice protests and the GTA video game series riff.
Last week, the feud between President Trump and Elon Musk affected dozens of meme coins.
Memes related to the latest US political and social unrest that have gone viral to drive memecoin
Still, this wave of coins in political memes is more decentralized than assets like Trump. Vitalik Buterin warned politicians who launched their own tokens, and House Democrats tried to ban such assets.
However, this current crop only gestures at periodist and famous quote events, but does not appear to support movements or figures.
In a way, this contradicts Arthur Hayes’ suggestion that meme coins could be an effective way of political advertising. It’s difficult to find a clear message from these trendy tokens.
After all, Trump is currently in a slump in prices despite the president’s largely involved in the LA ICE protests.
So, what are the lessons learned here? The crypto industry is involved in the political field, while memecoin traders are focused on profits.
If public glasses capture the imagination of the community, it could potentially lead to favorable opportunities. As far as content is concerned, the political message of these tokens remains at the surface level.
For now, US political unrest is on live displays via social media, and the Meme Coin community is making the most of it.