GuShiio.com No celebrity/institutional tokens led by TRUMP were spared, and most of them fell by more than 90% from their highs.
Author: Lila, BlockBeats
On January 18, U.S. President Trump launched his official meme coin TRUMP on social platforms, instantly exploding the encryption market. This is the first time that a senior national leader has issued personal tokens. Five hours after its launch, the market value of TRUMP exceeded US$20 billion, with the highest market value of nearly US$80 billion. The president’s coin issuance + bidding behavior that lasted for nearly 24 hours also brought enough popularity to “Trump Coins.”
Fortune and woes are interdependent. Before encryption native users can enjoy the new cash flow brought by the popularity of going out of the circle, the negative impact has already followed. Under Trump’s “leadership”, more heads of state and celebrities from all fields of society have launched an uncontrolled wave of coin issuance. TRUMP itself has also exacerbated the liquidity crisis that is already stretched in the currency circle. If there is a surge, there will be a sharp decline, and the carnival bubble will burst faster than we think. One month after the launch of the token, the price of TRUMP has dropped from a high of US$80 to US$13 at the time of press time, falling more than 80% from the high. For example, Trump’s wife Melania issued the same name meme coin MELANIA,”Argentine Presidential Coin” LIBRA, etc., fell even more than 90%.
In addition to celebrities issuing coins directly, scythes have also found a new way: cooperate with celebrities, publish token information, and then pretend that Twitter has been stolen to distance themselves. Well-known artist Kanye once said that someone offered him US$2 million to release RUG disk Meme coins. Since January this year, according to incomplete statistics from Rhythm BlockBeats, no less than 15 celebrities from all walks of life have launched tokens through various methods. Except for TRUMP and STONKS, the rest fell by more than 90%.
Celebrity real name issuing coins:
TRUMP (down 83.9% from high)
Highest price: 82 Price as of press time: 13.23
On January 18 this year, U.S. President Trump’s official social account announced the launch of Trump’s eponymous meme coin TRUMP. Later, Trump’s personal account and Trump’s second son Eric Trump posted a tweet confirming the “legitimacy” of TRUMP. TRUMP launched OKX, Coinbase, Binance and other head trading platforms just 24 hours after its launch, setting a record for the shortest time for tokens to be put on the spot. At the same time, there was no correction almost once released. The unit price exceeded US$7 billion in 48 hours, and the circulation market value exceeded US$14 billion. The full market value once exceeded US$70 billion.
However, TRUMP’s release blurs the line between politics and business. According to its official website, two subsidiaries of the Trump Organization control 80% of the total number of tokens, with an initial circulation of only 200 million tokens, and the remaining 800 million tokens will be gradually unlocked in the next three years. This highly centralized distribution model has been criticized by insiders and politicians as “legal money printing”, directly bringing more than US$25 billion in book wealth to the Trump family.
However, the worthless meme coin is ultimately difficult to support, even if the coin is bound to the President of the United States. After the high point, TRUMP slowly fell. After a brief sideways trading for a few days, it was “harvesting” all the way. It is currently in a slump. As of press time, it has fallen from a high of US$80 to US$13, a drop of more than 80%. This result is not only a falsification of the market’s “favorable policy expectations”, but also an inevitable result of excessive withdrawal of liquidity. Related reading: “Trump’s coin issuance has made China hundreds of millions, which has divided the U.S. crypto faction.”
MELANIA (down 93.3% from high)
Highest price: 13.6 Price as of press time: 0.92
On January 20, after seeing TRUMP’s huge profits, the coin issuing group targeted Trump’s wife Melania and issued the same name meme coin MELANIA in her name. Four hours after its launch, the FDV exceeded US$10 billion, with a transaction volume reaching US$658 million. However, the token economy model has been criticized by the community: team share is 35%, treasury is 20%, community is 20%, public offering is 15%, and liquidity is 10%. The next day, MELANIA fell below US$4, a drop of nearly 70% in 24 hours. This incident not only accelerated the collapse of TRUMP coins, but also revealed the capital logic of “family harvesting”.
In addition, MELANIA team tokens have been unlocked since February 19 and will be fully unlocked within the 13th month. Related reading: “Two days before taking office, the Trumps took $65 billion from the currency circle”
VINE (down 92.2% from high)
Maximum price: 0.49 Price as of press time: 0.037
On January 23, Rus Yusupov, co-founders of the Short Video platform Vine, released the same name meme coin VINE. Vine is a Short Video platform that X (formerly Twitter) announced in 2016. Similar to Douyin, it allows users to create video clips of up to 10 seconds and share them on Social networks. Since Musk acquired Twitter in 2022, he has repeatedly expressed his idea of restarting Vine on social media.
Yusupov said,”I launched this Meme coin to commemorate the beauty of unity and creation. I will not sell my Dev token share and all profits will be donated to X.” Or influenced by the expectation that Musk will interact with him, the market value of VINE once exceeded US$400 million. Related reading: “The founder issued a coin quickly for US$200 million, Musk’s Short Video Vine is making a comeback”
Ainti (down 94.23% from high)
Maximum price: 1.06 Price as of press time: 0.065
On January 23, the X account of the late anti-virus software founder John McAfee released the AI Meme coin AInvirus (Ainti) token contract. It is reported that the tweet was forwarded by McAfee’s widow, Janice Elizabeth McAfee, and said that this is a measure to commemorate her husband’s genius image and continue his legacy. The new project will integrate McAfee’s core concepts such as freedom, privacy and technology, and combine cryptocurrency and AI technology. (Note: On June 23, 2021, John McAfee died in Spanish prison.)
CAR (down 98.33% from high)
Maximum price: 0.88 Price as of press time: 0.015
On February 10, the President of the Central African Republic launched the meme coin CAR. Three hours after its launch, the market value of CAR exceeded US$600 million, and the transaction volume exceeded US$300 million. According to the official website of the CAR token, the total number of CARs is 1 billion, but public allocation only accounts for 9.3%.
Launch tokens after social accounts are “stolen”:
CUBA (down 99.36% from high)
Maximum price: 0.02 Price as of press time: 0.0001
On January 20, the official X account of the Cuban Ministry of Foreign Affairs promoted the meme token CUBA after being hacked. The original post was deleted on the same day, and CUBA plunged 99.36% within 24 hours.
FINN (down 99% from high)
Highest price: 0.009 Price as of press time: 0.00001
On January 21, MetaMask co-founder Dan Finlay’s Farcaster account was stolen and Meme coin FINN was promoted. The Meme coin was already rugged that day, and the initial funds of the creator’s address came from a mixed currency platform, making a profit of more than 1000 SOL coins.
STONKS (down 53.3% from high)
Highest price: 0.078 Price as of press time: 0.036
On January 23, the official NASDAQ X account was hacked and a tweet titled Meme Coin STONKS was released. The tweet was quickly deleted, causing STONKS’s market value to be halved. However, STONKS gradually recovered under the takeover of the community and established a strong consensus, which is also an important reason why its currency price is stronger than other tokens.
BRAIZIL (down 99.7% from high)
Highest price: 0.021 Price as of press time: 0.0005
On January 24, the account of former Brazilian President X was stolen and the Meme coin Braizil representing Brazil was released. The original post was deleted in a short period of time, and the token price plummeted accordingly.
TIME (high down 97.8%)
Maximum price: 0.13 Price as of press time: 0.0003
On January 31, the official Twitter account of Time magazine was hacked and information about the TIME token was released. After the tweet was deleted, the token price quickly plummeted.
DAILY (down 98% from high)
Highest price: 0.003 Price as of press time: 0.0006
On February 2, the British “Daily Mail” official tweeted an article promoting meme coin DAILY. At the high point of market value, the Daily Mail deleted the relevant tweet, triggering a sharp drop in token prices.
MALAYSIA (down 99.56% from high)
Highest price: 0.003 Price as of press time: 0.00001
On February 5, the X account of former Malaysian Prime Minister Dr Mahathir Mohamad was stolen and multiple tweets were issued in succession to promote the meme token MALAYSIA. According to Slow Fog Monitoring, the creator of its release CA is related to a historical evil gang.
Celebrity participation in token promotion:
JAILSTOOL (down 92.76% from high)
Maximum price: 0.21 Price as of press time: 0.015
He has been exposed to cryptocurrencies in recent years, often buying some tokens on Solana at will, and sharing his operations on Twitter. On February 8, Dave bought $200 worth of JAILSTOOL. People didn’t care at first, but he thought the token was very interesting and told investors he would not sell and continue to add to his position. The price of JAILSTOOL rose crazily due to his tweet, and the market value soared to US$150 million in just 3 hours. Related reading: “$JAILSTOOL Express Review: A tweet from a celebrity soared to US$150 million in 3 hours”
LIBRA (down 97.3% from high)
Maximum price: 4.53 Price as of press time: 0.12
On February 15, the President of Argentina issued a document promoting meme coin LIBRA, whose maximum market value exceeded US$4 billion. But after Milei deleted the tweet, the market value of LIBRA plummeted, and the team behind it cashed out more than US$100 million. More than 20 LIBRA traders lost more than US$1 million, and the largest loser lost more than US$5 million. As of now, the inside doubts about the release of LIBRA have not yet been solved. Related reading: “What inside story did the community dig up in 36 hours after the Argentine currency cut off by 100 million yuan?”
In addition, the famous American rapper Kanye announced last week that he would launch his official meme coin YEEZY, saying that “YEEZY aims to create a real currency.” But just yesterday, Kanye suddenly announced that he would temporarily withdraw from X, and the coin issuance plan may come to a standstill.
summary
TRUMP’s encryption carnival finally ended with the tragedy of more than 370,000 people exploding and US$1 billion in smoke. Overall, although celebrity coin issuance once attracted a lot of market attention, its temporary high popularity also exposed the vulnerability of the market. If you don’t run fast enough, you will be severely harvested. When the aura of celebrities fades, what the market leaves is not only a steep up-and-down curve on the K-chart, but also the ultimate torture of the ideal of decentralization: If the encrypted world becomes a puppet of power and flow, will its promise to subvert tradition have long been reduced to a narrative of nothingness? The answer may be hidden in the silence before the next bubble rises.
