Father Kelmon, known for his presidential candidacy in 2022 for the PTB and his alignment with Brazilian conservatism, is associated with Kelmon Coin ($KELMON), a memecoin launched in January 2025 on the Solana blockchain.
He does not present himself as the direct developer, but rather as a figure supported by a community of fans who created the token in his honor. Kelmon, now linked to the Liberal Party (PL), has promoted the coin on his social media, such as Instagram, where he has 669 thousand followers, linking it to the 'Foro do Brasil', one of his political initiatives.
Kelmon Coin had a spike of attention with a 137% appreciation in one day, reaching a trading volume of $16 thousand and a market capitalization of $23.3 thousand. Despite the initial enthusiasm, the project raises concerns. Memecoins like this often lack solid fundamentals and are vulnerable to schemes like 'rug pulls', where the creators profit and abandon the investors.
The history of cryptocurrencies tied to political figures in Brazil, such as Bolsonaro's Patriota Coin, reinforces the perception of risk, as many end up collapsing after the initial euphoria.
Kelmon insists on the seriousness of the project and asks for trust in the team behind it, but there is no clarity about his direct control or merely promotional role. The crypto market, in general, advises caution, especially as it is a speculative and highly volatile asset.