When Donald Trump worked in Memecoins last month, a flood gate from imitators triggered it on the cryptocurrency market. In view of the re-elected US presidential occurrence to the cryptocurrency market, the number of opportunistic tokens has increased dramatically.
According to a report by the Financial Times, more than 700 imitators started their currencies within three weeks. A confused network of tokens, from the bold to the ridiculous, has ended up in Trump’s digital wallet and the investors confused.
Immediate and confusion: The name of the name in Crypto
The numbers draw an astonishing picture of opportunism in action. Among the 736 different analyzed memoins contained the Trump family name in 192, with 167 direct imitators.
The boldness does not stop here – 67 tokens have made the word “officially” into their names, although they have no connection to the president. Some creators even went to coins named after Trump’s children, with 30 tokens with Barron’s name, 26 reference to Ivanka, and 10 Eric, ft.
Trump Coin: The numbers behind the digital deception
In the blurred world of cryptocurrency trade, the look can deceive. The “official coin of Barron Trump” is an example of this; Although its potential value, which is on its latest transaction price, is astonishing 6 billion US dollars, reality is far less impressive.
Trump’s Memecoin inspires the shaft of the imitators https://t.co/z5gdmlvkfs
– Financial times (@ft) February 7, 2025
There have been no trading activities in cryptocurrency since January 21, and the largest transaction was only around 240 US dollars. The great discrepancy between paper reviews and real liquidity serves as a warning about how speculative these investments are.
Scaling and speed: a new challenge for the exchange of cryptocurrency
This cryptocurrency gold rush takes place at unprecedented speed. The first imitation of Trump’s Memecoin appeared within 30 minutes after the first debut.
This quick pace has not slowed down. Even large companies like Coinbase find it difficult to keep up with the creation of new tokens. Brian Armstrong, the CEO of the Exchange, announced that about 1 million new tokens are created weekly, which made the individual assessment of each tokens “no longer feasible”.
Experts alarm for market manipulation
Market guard and financial experts have criticized the scenario hard. According to Brookings Institution Analyst Eswar, Trump’s Memecoin “opened the locks of deception”.
The complex methods in which these tokens can be manipulated are more than the sheer number of fake coins. An example that spoke in terms of possible market manipulation tactics was when a dealer bought a fake “official Trump” coin worth 100,000 US dollars, only to sell the entire holding of the holding with loss 12 seconds later.
It is now very difficult for regular buyers to recognize the difference between risky and real cases on today’s market. The difference between innovation and benefits of current resources becomes less clear because the rush for the digital currency continues. This raises concerns about the long -term effects on the cryptocurrency markets and the security of investors.
Selected picture by David Hume Kennerly/Getty Images, Diagram by Tradingview