Political narratives, that most noble of modern pursuits, elevated memecoins to dizzying heights before the inevitable pratfall, according to the ever-watchful crypto scribes at CoinGecko. One wonders if they’d have preferred a quiet life of gardening instead.
In its 2025 State of Memecoins Report-a tome likely penned by interns over espresso-CoinGecko revealed how electioneering theatrics transformed memecoins from niche curiosities into a $150.6 billion spectacle by December 2024. A sum so vast, it could fund a thousand presidential yachts.
The report credited this meteoric rise to the unholy trinity of token launchpads, the Solana circus, and election-driven speculation. Because nothing says “financial wisdom” like betting your life savings on a TikTok trend.
CoinGecko noted that Donald Trump’s reelection campaign coincided with the peak, as election-themed tokens flooded exchanges. One imagines traders shouting, “To the barricades! Or at least to the nearest crypto ATM!”
Political tokens: From triumph to farce
The same political fervor that propelled memecoins to glory soon became their Achilles’ heel. How poetic. The launch of Trump’s TRUMP token-priced at $73, because why not?-plummeted to $5, a decline so steep it would make Icarus blush. 🍑💸
Meanwhile, Argentina’s Milei-linked LIBRA token saw insiders siphon $107 million in liquidity, a move so brazen it could only be described as “business casual” in 2025. 🎩🐇💸
CoinGecko concluded that memecoins now serve as barometers of cultural whimsy, oscillating between euphoria and despair faster than a Victorian maiden at a séance.
Crypto’s speculative fringes crumble
By November 2025, the memecoin market cap had shriveled to $38 billion-a 73% nosedive. NFTs, those digital trinkets of questionable value, also stumbled, with sales dipping to $320 million. One can almost hear the sound of collectors weeping into their non-fungible JPEGs. 🖼️💸
MoonPay’s Keith Grossman offered a silver lining: “The next memecoin will reward the tedious virtues of graft and elbow grease.” How quaint. Perhaps it’ll also require reciting Shakespeare while juggling.
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2025-12-16 17:09