Written by: Lila, BlockBeats

On January 18, US President Trump launched his personal official meme coin TRUMP on social platforms, instantly igniting the crypto market. This is the first time that a senior leader has issued personal tokens. Five hours after it went online, TRUMP's market value exceeded US$20 billion, with a maximum market value of nearly US$80 billion. The president's issuance of coins + the pull-up behavior that lasted for nearly 24 hours also brought enough heat to "Trump Coin".

Good and misfortune are dependent on each other. Before the native crypto users can enjoy the new cash flow brought by the popularity of the out-of-the-box, negative impacts have already followed one after another. Under Trump's "led", more heads of state and well-known people in various fields of society have started an uncontrollable wave of issuing coins. And TRUMP itself has exacerbated the already stretched liquidity crisis in the currency circle. There will be a sharp rise, and the carnival bubble bursts faster than we imagined. One month after the launch of the token, the TRUMP price has fallen from its highest point of $80 to $13 at the time of publication, down more than 80% from its high point. For example, Trump's Madam Melania issued the same-name meme coin MELANIA and the "Argentine Presidential Coin" LIBRA, etc., the decline even exceeded 90%.

In addition to celebrities sending coins directly, the sickles have also found a new way: cooperate with celebrities, publish the token information, and then pretend that Twitter has been stolen to separate the relationship. Well-known artist Kanye once said that someone offered $2 million to release RUG disk Meme coins. From January this year to the present, according to incomplete statistics from the editor of Rhythm BlockBeats, no less than 15 celebrities from all walks of life have launched tokens through various means. Except for TRUMP and STONKS, the remaining losses were above 90%.

Celebrity's real-name coin issuing coins:

TRUMP (high point fell 83.9% from today)

Maximum price: 82 As of press time: 13.23

On January 18 this year, the official social account of US President Trump announced the launch of the same-name meme coin TRUMP, and then Trump's personal account and Trump's second son Eric Trump posted a tweet confirmationTRUMP "Orthodoxy". TRUMP went online just 24 hours after it was launched, including OKX, Coinbase, Binance and other leading trading platforms, creating a record of the shortest time for tokens to be launched in spot stocks. At the same time, there was no correction as soon as it was released. The unit price exceeded US$7 billion in 48 hours, the circulating market value exceeded US$14 billion, and the market value once exceeded US$70 billion.

However, the issuance of TRUMP blurs the boundaries with commercial use. According to its official website, the two subsidiaries of the Trump Group control 80% of the total tokens, with only 200 million initial circulation, and the remaining 800 million will be gradually unlocked in the next three years. This highly centralized distribution model has been criticized by insiders and politicians as "legal printing of money", which directly brought over $25 billion in book wealth appreciation to the Trump family.

However, the valueless meme currency is difficult to support, even if the currency is bound to the US president. After the high point, TRUMP slowly fell, and after a short sideways trading for several days, it has been in a slump. It has fallen from the high point of $80 to $13, a drop of more than 80%. This result is not only a falsification of the market's "good expectations" for it, but also an inevitable result of excessive blood loss in liquidity. Related reading: "Trump's issuance of coins makes people earn hundreds of millions, and the American crypto-police splits"

MELANIA (high point fell 93.3% from today)

Maximum price: 13.6 As of press time: 0.92

On January 20, after seeing the huge profits of TRUMP, the coin group targeted Trump's wife Melania and issued the same name meme coin MELANIA in her name. Four hours after it went online, the FDV exceeded US$10 billion, with a transaction volume of US$658 million. However, the token economic model has been criticized by the community: the team share is 35%, the treasury is 20%, the community is 20%, the public issuance is 15%, and the liquidity is 10%. The next day, MELANIA fell below $4, down 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 on February 19 and will be fully unlocked within the 13th month. Related reading: "Two days before taking office, Trump and his wife made money from the currency circle65 billion US dollars》

VINE (high point fell 92.2% from today)

Maximum price: 0.49 As of press time: 0.037

On January 23, Rus Yusupov, one of the founders of short video platform Vine, released the same name meme coin VINE. Vine is a short video platform announced by X (formerly Twitter) in 2016. Similar to TikTok, it allows users to create video short videos up to 10 seconds and share them on social networks. Since Musk acquired Twitter in 2022, he has expressed his thoughts on social media to restart Vine on multiple occasions.

Yusupov said, "I launched this Meme coin to commemorate the beauty of unity and creation. I will not sell Dev token shares, all profits will be donated to X." Perhaps affected by the expectation that "Musk will interact with him", VINE's market value once exceeded US$400 million. Related reading: "The Founder issued coin for $200 million, Musk's short video Vine makes a comeback"

Ainti (high point fell 94.23% from today)

Maximum price: 1.06 As of press time: 0.065

On January 23, the late antivirus founder John McAfee's X account released the AI ​​Meme coin AIntivirus (Ainti) token contract. It is reported that the tweet was forwarded by McAfee's widow Janice Elizabeth McAfee, and said it was an initiative to commemorate her husband's talent and continue her legacy. The new project will integrate McAfee's core ideas such as freedom, privacy and technology, and combine cryptocurrency with AI technology. (Note: John McAfee died in a Spanish prison on June 23, 2021.)

CAR (high 98.33% down from today)

Maximum price: 0.88 Price as of press time: 0.015

February 10On Sunday, the President of the Central African Republic launched the meme coin CAR. Three hours after its launch, CAR's market value exceeded US$600 million and its transaction volume exceeded US$300 million. According to the official website of CAR tokens, the total number of CARs is 1 billion, but the public allocation only accounts for 9.3%.

The tokens were launched after the social account was "stolen":

CUBA (high point fell 99.36% from now on)

Maximum price: 0.02 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 plummeted by 99.36% within 24 hours.

FINN (high point fell 99% from today)

Maximum price: 0.009 Price as of press time: 0.00001

On January 21, MetaMask Dan Finlay's Farcaster account was stolen and Meme coin FINN was promoted. The Meme coin was already rug on the same day. The creator address was initially funded from a certain currency mixed platform, and the profit was over 1,000 SOL.

STONKS (high point fell 53.3% from today)

Maximum price: 0.078 As of press time: 0.036

On January 23, Nasdaq's official X account was hacked and tweeted by Meme coin STONKS. The tweet was quickly deleted, causing STONKS's market value to be cut in half. However, STONKS gradually recovered under the community's takeover and established a strong consensus, which is an important reason why its currency price is stronger than other tokens.

BRAIZIL (high point fell 99.7% from today)

Maximum price: 0.021 Price as of press time: 0.0005

On January 24, former Brazilian President X's account was stolen, and the Meme coin BRAIZIL, which represents Brazil, was released. The original post was deleted in a short time, and the token price plummeted.

TIME (high point fell 97.8% from now on)

Maximum price: 0.13 As of press time: 0.0003

On January 31, Time magazine's official Twitter account was hacked and released information about TIME tokens. After the tweet was deleted, the token price plummeted rapidly.

DAILY (high point fell 98% from today)

Maximum price: 0.003 As of press time: 0.00006

On February 2, the British Daily Mail official launched a article to promote the meme coin DAILY. At the peak of the market value, the Daily Mail deleted related tweets, causing a plunge in token prices.

MALAYSIA (high point fell 99.56% from now)

Maximum price: 0.003 As of press time: 0.00001

On February 5, former Malaysian Prime Minister Dr Mahathir Mohamad's X account was stolen, and he posted several tweets to promote meme token MALAYSIA. According to Slow Fog Monitor, the creator of his release CA is related to a historical evil gang.

Celebrity participates in token promotion:

JAILSTOOL (high point drops 92.76% from now)

Maximum price: 0.21 Price as of press time: 0.015

On February 8, Dave Portnoy, founder of Barstool Sports in the United States, participated in the promotion of meme token JAILSTOOL. Barstool Sports was originally just a small sports newspaper distributed by Dave on the subway, but later developed into a scale of hundreds.A business empire of ten thousand dollars. Dave is also an internet celebrity in the United States and has attracted much attention for his sharp pizza reviews and crazy sports betting.

He has begun to come into contact with cryptocurrencies in recent years, and often buys some tokens on Solana at will and shares his actions on Twitter. On February 8, Dave bought $200 worth of JAILSTOOL. At first people didn't care, but he found the token very interesting and told investors that he would not sell it and continue to increase his position. JAILSTOOL's price rose wildly due to this tweet, and its market value soared to $150 million in just 3 hours. Related reading: "$JAILSTOOL Speed ​​Track Review: A celebrity tweet, soaring to US$150 million in 3 hours"

LIBRA (high point fell 97.3% from today)

Maximum price: 4.53 As of press time: 0.12

On February 15, the Argentine president issued a statement to promote meme coin LIBRA, with LIBRA's highest market value exceeding US$4 billion. But after Milei deleted the tweet, LIBRA's market value plummeted, and the team behind it cashed out more than $100 million. More than 20 LIBRA traders lost more than $1 million, and the biggest loser lost more than $5 million. As of now, the inside doubts about the release of LIBRA have not been resolved. Related reading: "What inside stories did the community dig out in 36 hours after Argentina's currency cut of 100 million yuan"

In addition, the famous American rapper Kanye announced last week that it would launch his personal official meme currency, YEEZY, and said 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 stagnate.

Summary

TRUMP's encryption carnival ended with a tragic death of over 370,000 people and $1 billion. Overall, although celebrity coins issued once attracted a lot of market attention, its short-term high popularity also exposed the fragility of the market. If you don’t run fast enough, you will be harvested. When the halo of celebrities fades, the market is not only the steep rise and fall curve on the K-line chart, but also the ultimate question of the decentralized ideal: If the crypto world becomes a puppet of power and traffic, has its promise to subvert tradition long been reduced to a nihilistic narrative? The answer may be hidden in the next bubble riseIn the silence before rising.