It seems that Trump ignited the fuse of the meme coin (farce) by issuing his currency in his name TRUMP three days before taking office, (the timing was calculated so that he would not be legally pursued).
The President of the Central African Republic followed him with the CAR currency and failed before it started.
The President of Argentina followed him with the LIBRA currency with the audacity of a fraudster and his popular case may be the nail in the coffin for this type of currency and the end of the farce.
Despite the many frauds, scams and gambling in meme coins since their emergence, the societal charge has not reached the extent that we see today and it will be the end of this type of project and the beginning of a new type that carries within it the exploitation of people.
2017
IPOs
2020
DeFi Coins
2023-2024
MEME Coin
And all of them, when they end, liquidity returns to the market and it recovers.