Over the past weeks, meme coins centered around US politics have consistently trended on decentralized exchanges. Recurring topics include the Trump/Musk split and the latest anti-ICE protests in Los Angeles.
A few prominent examples include Grand Theft America, Kill (the) Bill, Rent Only Goes Up, The America Party, and more. Although speculative, these community-led tokens show more of a decentralized character than coins like TRUMP.
Political Meme Coins On The Rise
Many strange or esoteric events can spawn related meme coins, but politics-related topics have been gaining prominence over the last few months.
President Trump’s eponymous meme coin kicked off this trend in January, and it’s been growing to new levels ever since. Over the last few days, a cadre of political meme coins has consistently trended on DEXs.
Over the last 24 hours, several key examples of political meme coins have trended. Grand Theft America, for example, a riff on the Los Angeles ICE protests and GTA video game series, racked up $600,000 in the last few hours.
Last week, a feud between President Trump and Elon Musk inspired dozens of meme coins, many of which trended.
And yet, this wave of political meme coins is more decentralized than assets like TRUMP. Vitalik Buterin cautioned against political figures launching their own tokens, and House Democrats attempted to ban such assets.
However, this current crop only gestures at events in the zeitgeist or famous quotes, not seeming to endorse any movement or figure.
In a way, this contradicts Arthur Hayes’ proposal that meme coins can become an effective method of political advertising. It’s difficult to find any clear message out of these trendy tokens.
After all, TRUMP is currently in a price slump despite the President’s heavy involvement in the LA ICE protests.
So, what’s the lesson here? The crypto industry is getting involved in the political sphere, but meme coin traders are focused on their gains.
If public spectacles capture the community’s imagination, it can lead to potentially lucrative opportunities. As far as the content goes, these tokens’ political message remains surface-level.
As of now, the US political and social unrest is on live display over social media, and the meme coin community is taking full advantage of it.
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