What’s the Deal with Meme Coins?

Renegade

Renegade

Staff member
Luminary
If you've followed the news lately, then you have surely heard about the $Trump and $Melania cryptocurrencies. Well, they are more fake than the regular cryptocurrencies and are called meme coins. :p

What Are Meme Coins?
Meme coins are cryptocurrencies inspired by internet memes, pop culture, and public figures—much like the first meme coin, Dogecoin, which was inspired by a Shiba Inu dog.

They are cryptocurrencies with a humorous or lighthearted twist, thriving on social media buzz and celebrity endorsements rather than any intrinsic value or utility. Completely unlike Bitcoin or Ethereum, which aim to solve real-world problems.

The Trump Family’s Foray into Meme Coins
Donald Trump launched his $TRUMP coin just before his second inauguration in January 2025, branding it as a symbol of "winning." Melania launched $MELANIA days later. Both coins initially soared in value—$TRUMP hit a peak of $75 per coin with a market cap of over $14 billion, while $MELANIA briefly reached a $6 billion valuation.

But like most meme coins, the hype didn’t last long; both tokens have since seen wild price swings and significant drops. These coins aren’t marketed as investments but as digital collectibles tied to their namesakes’ brands. However, their extreme volatility has left many investors scrambling.

Why Are Meme Coins Popular?
  • Community Appeal: Meme coins often create strong online communities where people feel connected through shared humor or fandom.
  • Celebrity Endorsements: Figures like Elon Musk have propelled meme coins into the spotlight with just a tweet.
  • Speculation: Many see these coins as a chance to make quick profits—though that’s a double-edged sword.

The Risks of Meme Coins
  • Volatility: Prices can skyrocket one day and crash the next.
  • Scams: Rug pulls (where creators abandon the project after cashing out) are common.
  • No Real Utility: Most meme coins don’t serve any practical purpose beyond speculative trading.

Case in point: After Melania’s coin launch, $TRUMP lost half its value almost overnight. These dramatic swings highlight how risky these assets can be.

Should You Care About Meme Coins?
If you’re someone who enjoys internet culture and doesn’t mind high-risk speculation, meme coins might be fun to dabble in. But if you’re looking for stable investments, steer clear. Only invest what you’re willing to lose.
 
  • Like
Reactions: anony and bigb123
Umm -
kazstar101

News Thread 'Official Trump meme coin'

1737177381714.png

https://twitter.com/x/status/1880446012168249386
At the time of posting this coins market cap is 9.2 billion dollars, Top holder is 80%.
  • Haha
 
Traders lose millions on 'fake' Barron meme coin that has no link to Trump's son
Traders have lost millions of dollars on a 'fake' Barron Trump meme coin.
Before Monday's inauguration, Donald and Melania Trump launched a pair of meme coins that at one stage were worth billions.
Trump's cryptocurrency token skyrocketed in value but came crashing down in spectacular fashion, leading copycats to create an unofficial coin for Barron, 18.

Meme coins are cryptocurrencies often built around popular internet trends and lack substantial utility, making them prone to volatile price swings.
The fake $BARRON meme coin, inspired by Trump's youngest son but with no official link, surged by 90% in a minute before completely losing its value.
One trader claimed they lost a staggering $1 million in just two hours, with many mistakenly thinking it was connected to Barron.
Click to expand...
The fake coin hit $460 million market cap in 5 hours due to social media hype and then dropped by 95% once the news was out that it was not affiliated to Barron.
Pretty sad state of affairs, in my opinion. People are losing money over this and there is no government oversight. Going to be a pretty entertaining 4 years.
 
Wait for the NFT's that will come any day now.
Edit: I'm happy this grifter family is all into meme coins now. Once people start losing money, the hype will die and maybe crypto currency will die a slow death. (j/k)
 
Tracer_Bullet said:
One of the most dumbest ideas i have ever seen, poor/less rich people paying money to rich people for no fking reason.
Crypto land is full of batshit crazy and/or fraudulent stuff.
Click to expand...
Because those poor people expect to get rich by being part of what rich people do. It is not a dumb idea considering you have a cult of anything these days based on a figure head. Don't need to go too far, you will see people defending various brands, actors, billionaires who are getting rich off the money that these people pay them.
 
  • Like
Reactions: anony
People don't like trend or hype unless it is something that benefits them.
I remember putting some money in Shiba in 2021, I just wanted to see what all the fuss is.
The price went up around 50%, and after some time the price went around the same value I had put in. And then I sold all Shiba I had.
Meme coins are like a gamble , you don't know if it will go up or down. but If you have disposable income you can surely give your luck a chance.
 
NikhilSingh25 said:
People don't like trend or hype unless it is something that benefits them.
I remember putting some money in Shiba in 2021, I just wanted to see what all the fuss is.
The price went up around 50%, and after some time the price went around the same value I had put in. And then I sold all Shiba I had.
Meme coins are like a gamble , you don't know if it will go up or down. but If you have disposable income you can surely give your luck a chance.
Click to expand...
It is not the state of memecoins alone. It applies to basically any cryptocurrency. Depends on who is pumping what and when. Unfortunately, this has also trickled down to the real economy with a lot of memestocks that have no fundamentals to justify their valuation.
 
  • Like
Reactions: anony
t3chg33k said:
It is not the state of memecoins alone. It applies to basically any cryptocurrency. Depends on who is pumping what and when. Unfortunately, this has also trickled down to the real economy with a lot of memestocks that have no fundamentals to justify their valuation.
Click to expand...
yeah, For some crypto currencies it is understanable that they show a roadmap and plan to make it mainstream and keep fees so minimal that you will stop noticing it. But investing in anything that has none of that and only exists coz of marketing, That's stupid.
 
t3chg33k said:
Because those poor people expect to get rich by being part of what rich people do. It is not a dumb idea considering you have a cult of anything these days based on a figure head. Don't need to go too far, you will see people defending various brands, actors, billionaires who are getting rich off the money that these people pay them.
Click to expand...
yeah, rich taking advantage of the idiot poor. Ideally, we perhaps need some minimum common sense regulation whenever people collect money from other people as 'investments', dunno

NikhilSingh25 said:
Meme coins are like a gamble , you don't know if it will go up or down. but If you have disposable income you can surely give your luck a chance.
Click to expand...
Gamblers lose money in the long run. There are better ways to let money compound, but people chase short term over long term most of the time ..
 
  • Like
Reactions: NikhilSingh25
Top Bottom