The Patriota Coin ($PATRIOTA), launched in January 2025 by supporters of Jair Bolsonaro, is a memecoin on the Solana network that seeks to capitalize on the political engagement of Bolsonaro supporters, inspired by the success of cryptocurrencies like $TRUMP, associated with Donald Trump. There is no official link with Bolsonaro, despite using his image and conservative aesthetic. As of April 1, 2025, here is the most recent overview based on available information:
In the beginning, the Patriota Coin experienced a surge of interest. In its first 24 hours, it attracted about 1,200 investors and raised $390,000 (approximately R$2.3 million at the time's exchange rate), with an impressive appreciation of over 9,400%, rising from $0.0001578 to a peak of $0.015. However, this high was followed by a significant drop. In just a few days, it lost more than 50% of its value, trading at $0.0004602 on January 24, with a market capitalization of about R$2.7 million. Since then, volatility has continued to mark its trajectory.
More recent reports indicate that the coin faced challenges in maintaining the initial hype. In February, Eduardo Bolsonaro even promoted it on X, highlighting it as an interesting Brazilian initiative in the crypto sector, but shortly after, the Patriota Coin recorded a 44% devaluation in one week, dropping to even lower levels. Compared to its peak, the coin is now operating with a decrease of about 92%, according to some analyses, reflecting the typical instability of memecoins, which heavily rely on speculation and community engagement.
The creators attempted to position the Patriota Coin as more than just a digital joke, promising utilities such as support for micro-entrepreneurs and even a stablecoin pegged to the real. However, there is no concrete evidence of progress on these plans, and the lack of transparency about the team behind the project fuels skepticism. Experts continue to warn about the risks: memecoins like this are highly speculative, subject to manipulation and "rug pulls", and historically, many linked to political figures in Brazil, such as DilmaCoin or BolsonaroCoin from 2021, did not succeed.
Engagement on social media platforms like X and Telegram was crucial for the launch, but it seems to have cooled down. The Bolsonaroist narrative — with phrases like “imorrível, imbrochável, incomível e intributável” — is still used to attract supporters, but the project has failed to establish itself as a sustainable movement. Compared to $TRUMP, which reached billions in capitalization, the Patriota Coin remains a much smaller phenomenon, representing only a fraction (0.003% at its peak) of the success of its American counterpart.
In summary, the Patriota Coin is at a low relevance moment, with value and interest declining after the initial enthusiasm. Without significant updates or practical adoption, it exemplifies the ups and downs of the memecoin market: a quick peak followed by a sharp decline, with an uncertain future. #patriotacoin #bolsonaro