Since last week the crypto industry has gone into hyper-drive. Long forgotten cryptocurrencies have shown resurgence, like Magacoin for instance. And the thing that institutional investors have been pushing us to look for this year, ie. use cases for crypto assets. Seems to have gone out of the window. Last week things changed. Which leads us to ask how strong will memecoins like $TRUMP or $MELANIA grow in 2025?
There are several Trump-related coins out there today. For the purposes of our story we will focus on the ‘Official Trump’ token listed on Coingecko in this part of the story. The token was launched on Saturday morning (UK time) where it was initially trading for just under $7. This coincided with the Crypto Ball that took place in Washington D.C. on Friday night.
Today, less than 72 hours later the token is trading at almost $50. This type of price fluctuation is not unheard of in crypto, but it is rare. A disclaimer on the ‘Get Tump Memes’ site states how the coin is “intended to function as an expression of support for, and engagement with, the ideals and beliefs embodied by the symbol ‘$TRUMP’, and …. Is not intended to be, or to be the subject of, an investment opportunity, investment contract, or security of any type.”
DogeCoin Shows a Glimpse of the Future
The history of memecoins can be closely linked to Dogecoin in the past. A typical memecoin itself, the token has been trading for years and years without any real use case.
So far this year, Dogecoin along with other memecoins have gained in value. These include Shiba Inu, Sloki or Pepe. It is considered that Elon Musk may have also inadvertently helped the price rise due to his recent posts about the new Department of Government Efficiency. But nobody expected what Trump would do. And now his wife Melania.
Whales are behind some of the recent price increase in Dogecoin, meaning that experienced investors are piling back into memecoins. This has led to some commentators seeing a price of at least $1 for Dogecoin, but potentially $10 in the future. As of today the price of Dogecoin is only thirty-seven cents. It grew substantially in 2024 to rise to this level. One year ago the memecoin was a mere eight cents for comparison.
Part of the reason that commentators see a future for Dogecoin is partially due to the number of influencers like Elon Musk who are supporting the memecoin. There are others who have mentioned the integration of the token with global payment systems. Do other memecoins have this promise though?
What is Melania Trump’s Memecoin?
Just like with the Trump coin, Melania’s memecoin has its own ‘disclaimer’ on its site. If you want to buy Melania’s memecoin then you need to be aware that Melania memes “are digital collectibles intended to function as an expression of support for and engagement with the values embodied by the symbol MELANIA, and the associated artwork, and are not intended to be, or subject of, an investment opportunity, investment contract, or security of any type.”
Following the Sunday launch of the ‘Melania’ memecoin the Trump coin dropped in value for a while. Now they are both growing simultaneously. You can use Solana’s SOL to buy Trump or Melania tokens today.
Is There a Bright Future for the Trump Memecoin?
Lee Bratcher, President of the Texas Blockchain Council shared on X how the $Trump Meme coin is NOT a healthy development for the digital assets industry. He went on to explain how:
“It is unclear if the $trump coin is a security, but securities lawyers would likely agree that it is a security under current law (given that 80% of the tokens are held by Trump-affiliated entities and are being sold to all U.S. investors). The onus is on the issuer related to these offerings so those wishing to purchase the token can do so without running afoul of securities law. This is not investment advice; you should consult a financial professional and your attorney / do your own research.” Lee wrote.
He added how he doesn’t want to predict if the memecoin will increase in price or crash. He just hopes that common sense prevails.
Harrison Seletsky of Space ID shared how “it’s very important not to forget that memecoins are inherently speculative assets with no intrinsic value, so $TRUMP may well plummet just as quickly as it soared, especially over time once the initial hype quiets down.”
If you have a high risk tolerance level, then there might be some quick returns to be made on memecoins. If your risk tolerance is a bit more normal then consider looking at crypto tokens with safer returns like bitcoin, HBAR or SOL. Donald Trump might have ambitions of making America great again, but his history with cryptocurrencies isn’t deep and his investment advice in the crypto space has yet to be proven.
Memecoins are unlikely to be a long term investment due to their use cases. In the short term there are some cases to invest.
Disclaimer:
The editorial team at #DisruptionBanking has taken all precautions to ensure that no persons or organizations have been adversely affected or offered any sort of financial advice in this article. This article is most definitely not financial advice.
Author: Andy Samu
See Also:
Memecoins: Why Are They Resurgent In 2024? | Disruption Banking
Why is Hong Kong the new market for meme stocks? | Disruption Banking
Justin Sun, Donald Trump, and a Banana Walk into a Bar | Disruption Banking
