Retail Investors Expect Trump Coin To Hit New Lows By End Of The Week

While the artificial intelligence agent narrative previously dominated the market, Trump-themed coins are now emerging as the leading trend. There’s growing community support for buying Trump-associated coins,

Hwang Hyo-jun, a researcher at Xangle, said

Trump is likely to use his coin holders as a powerful community base for collective action, ... The coin’s value depends entirely on what Trump does."

Ju Ki-young, CryptoQuant Founder and CEO, wrote on social platform X

The listing of Official Trump cannot be dismissed as the 'hasty listing of worthless coins,'

Daniel Kim, founder and CEO of Tiger Research, said

My concern is that people unfamiliar with the cryptocurrency industry may view the industry solely as speculative,

said an industry official, who declined to be named

The key factors are compliance with listing regulations in each country and the adequacy of investor protection measures. If proper risk disclosures and transparency are ensured, this can be seen as a natural progression within the market,

Kim added

I don’t know if it benefitted, I don’t know where it is, I haven’t checked it, but I heard it was very successful,

Trump told reporters

Elon Musktesla, SpaceX and X CEO

$VINE will be all over the headlines soon. I think we found the next $1BN meme. Just a matter of time, the narrative is there."

One prominent crypto trader on X, citing Musk's comments regarding a Vine reboot, wrote

I'm not involved and will never be involved with any meme coin."

Vine cofounder Dom Hofman rejected the possibility of launching his own rival token, writing

Meme coins, in particular, hold no appeal for me. They are more akin to gambling or a night in Vegas, where the odds overwhelmingly favor losses. I wish those investing in meme coins would instead channel their resources into Bitcoin, which offers a meaningful path to financial sovereignty."

Peter McCormack, host of the "What Bitcoin Did" podcast, expressed to Newsweek his skepticism toward all cryptocurrencies, especially meme coins

I think the financial desperation that many young people, in particular, feel is driving the speculative craze in not just meme coins, but also sports gambling, social media stunts, etc. There is not enough discussion of the underlying root causes of these phenomenon."

Dr. Garrick Hileman Hileman told Newsweek

We're looking into it,

Musk posted to X on Sunday, after one user asked whether the app should be brought back following the ban on the analogous app, TikTok

Barry Eichengreeneconomist

A president and an administration that push these reckless ideas can also decide, equally recklessly, that they want to interfere with the (Federal Reserve’s) responsible stewardship,

says University of California at Berkeley economist Barry Eichengreen

Dev is sleeping on her bags,

the dad wrote to an ecstatic community that has branded the child as the "youngest dev" in the crypto space today

The $TRUMP token launch wasn't just a magnet for investors—it was a beacon for scammers,

Blockaid pointed out

These dApps often trick users into connecting their wallets, allowing scammers to drain funds,

Blockaid said

Many of these tokens used misleading branding to lure investors,

the report said

Nothing stops the launch of many more tradable coins,

Einhorn said

We have reached the 'Fartcoin' stage of the market cycle,

Einhorn wrote in an investor letter obtained by CNBC

Given the previous U.S regulatory regime was about crackdown on crypto builders and enforcement actions on token-related activities, a token launch by the President, is a huge social signal to U.S builders: build away in the U.S, and don't be shy of launching tokens,

Chhugani added

Whichever way you see it, we think a new chaotic crypto era is here,

he said in a note published Monday