Top Officials Launch Memecoins: What's the Impact on the Market?

As Donald Trump launched $TRUMP ahead of his US presidential inauguration, and Argentine President Javier Milei recently launched $LIBRA, which plummeted over 99% in 24 hours, the market is wondering: what's the impact of top officials launching memecoins?

#1 Liquidity Gets Drained.

The launch of memecoins affiliated with top officials will cause FOMO, draining liquidity from the market and causing prices to drop as investors sell their assets to chase the pump.

#2 Bad Actors Thrive.

Developers and insiders affiliated with the token launch will profit 100%, while 99% of buyers will incur losses. Insiders who received early information have made tens of millions of dollars from these launches, giving rise to bad actors in the crypto industry.

#3 FOMO for Future Launches.

This will create FOMO among other top officials to launch their own tokens, flooding the market with worthless tokens that rely on hype and fame.

#4 Bad Outlook for the Crypto Industry.

The launch of tokens by top officials, followed by their immediate collapse, will lead to the crypto industry being blamed again. The public won't blame the powerful officials but instead will blame crypto, a technology exploited by bad actor.$XRP $BTC