Memecoins especially are so funny it's worth putting out some numbers:
reply- $TRUMP meme coin, down 87% from ATH
- $MELANIA meme coin, down 98% from ATH
- $WLFI, down 50% from ATH, with 4 Trump co-founders
The first two coins were actually hyped up so hard at launch that they drained liquidity from most of the crypto market because of people dumping everything to buy in
None of these were intended to be long term investments for anyone.
replyThey exist as a way for money to be given to the Trump family in an legally obfuscated way. Most of that happens/happened right after launch.