🎲 Political memes played a key role in the sharp rise and subsequent collapse of the meme token market, according to a report by CoinGecko.
Against the backdrop of speculation surrounding the elections in the USA, the market capitalization of memes reached a record $150.6 billion in December 2024, however, the launch of politically linked tokens, including TRUMP and LIBRA, undermined investor confidence and accelerated the decline, with money from the crypto market being siphoned off into private pockets.
By early 2025, the market had shrunk by more than 70%, demonstrating how quickly political hype can turn into disappointment.
TRUMPUSDT
Perp
5.098
-2.50%
$MELANIA
MELANIAUSDT
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0.1058
+4.44%