General
Latest celebrity-based Memecoins: discover this controversial trend
Recently, memecoins linked to politicians and celebrities have emerged, highlighting their speculative nature.
Memecoins, a subcategory of cryptocurrencies inspired by internet memes and pop culture, have gained significant attention in the digital asset market from the very beginning.
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While memecoins offer advantages such as trading opportunities and community building, they also carry risks like fraud and the danger of FOMO (Fear of Missing Out).
Pros of Memecoins
- Trading opportunities: Memecoins often experience rapid price fluctuations, creating opportunities for traders skilled in market timing and technical analysis. These tokens, driven by social sentiment and viral trends, can yield significant profits.
- Community building: Memecoins foster online communities, uniting people with shared interests and strengthening identity within crypto. Influencer marketing helps sustain a loyal following, even during price volatility.
Cons of Memecoins
- Fraudulent schemes: The market is rife with scams like rug pulls, where developers drain liquidity, and honeypots, where tokens trap buyers by preventing sales.
- Lack of intrinsic value: Many memecoins lack a clear use case, relying on social media hype, leading to price drops when enthusiasm fades.
- FOMO and impulsive investing: The Fear Of Missing Out can lead to poor decisions, with traders buying at peak prices, only to see their investments crash when hype dies.
Next, we’ll talk about the latest and most controversial tokens based on public figures.
Recent Memecoins linked to politicians and celebrities
1-$TRUMP and $MELANIA: On January 17, 2025, U.S. President Donald Trump launched the $TRUMP memecoin, which quickly reached a $27 billion market cap. Ethics experts criticized the project for potential conflicts of interest. Soon after, a related $MELANIA token surfaced, further fueling controversy. Supporters viewed these tokens as a way to fund political movements, while critics labeled them a cash grab.
2-$BROCCOLI: On February 13, 2025, Binance founder Changpeng “CZ” Zhao revealed his dog’s name, “Broccoli,” sparking a wave of memecoins on platforms like Solana and BNB Smart Chain. One of them hit a $1.5 billion market cap within hours. The trend illustrated how even a casual mention from a crypto figure can drive massive market speculation.
3-$HARRYBOLZ: In February 2025, Elon Musk changed his name on X to “Harry Bōz,” sparking the creation of the $HARRYBOLZ memecoin. It surged 46,000% before crashing, highlighting the volatility of celebrity-linked tokens. While some profited, most were left with losses. Harry Bolz crashed after Musk changed his X profile name again.
4-$CAR: In early February 2025, Central African Republic President Faustin-Archange Touadéra launched the $CAR memecoin, which quickly lost 95% of its value amid concerns over legitimacy and “pump and dump” accusations. The case served as a reminder of the risks associated with politically motivated crypto projects.
5-$ LIBRA: Argentine President Javier Milei faced controversy after promoting the $LIBRA memecoin, which surged before collapsing. Investors accused its creators of a “rug pull,” leading to legal action and concerns about political figures endorsing crypto. Shortly after, $LIBRA soared over 60% when Milei retweeted a tutorial by Darion Epstein on how to buy the token, causing its price to spike and the market cap to briefly hit $4.5 billion.
Memecoins can be a good opportunity, but it’s important to be cautious.
- Memecoins can offer trading opportunities and build communities, but they also carry risks like fraud and impulsive investing due to FOMO.
- With the rise of memecoins linked to public figures, caution is crucial. Apply the DYOR principle (Do Your Own Research).
- Stay informed, and set realistic expectations to navigate this volatile market and minimize risks.
And that ‘s it!
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Disclaimer: This article is for informational and entertainment purposes only. It does not constitute financial advice or an endorsement of any project or blockchain. Always conduct your own research (DYOR) and consult with a financial advisor before making any investment decisions.
