The post 157,000 Meme Coins Launched During Trump-Musk Interview; Analyst Says ‘End of Meme Coin Era’ appeared first on Coinpedia Fintech News
Yesterday, Donald Trump rejoined X and made a significant impact. Many reacted negatively to the interview, focusing on technical glitches and a perceived bias in favor of Trump. Despite being an important day for meme coins, analyst Ran of Crypto Banter believes the interview marked a turning point, potentially signaling the decline of the meme coin super cycle.
While some meme coins with strong network effects may survive, he suggests that the era of explosive growth in meme coins is likely over. He said that meme coins had a major surge yesterday, driven by the Trump-Musk interview. Almost every word Musk said seemed to become a meme coin ticker. However, he believes this marks the end of the meme coin era. Despite 157,000 meme coins being launched, only three managed to graduate out of the bonding curve, and none of them surpassed their initial price.
The analyst criticized platforms like pump.fun, which have made it too easy to create meme coins, leading to an oversaturation in the market. As a result, the excitement around meme coins has faded. He said that people are no longer making big profits from meme coins, and the game has lost its appeal. He believes August 13th marks the peak of the meme coin craze and predicts a shift back to focusing on more substantial crypto projects like VC coins and altcoins.
Trump-Musk Interview:
The discussion was impactful and attracted massive attention, despite mainstream media criticism. Critics pointed out technical issues and disparaged the event, but it still garnered immense viewership and impressions. The interview covered various topics, including criticism of the EU’s attempts to censor it and the condition of California under its governor. Overall, the event was considered a major success for Trump, generating over a billion impressions.