Memecoin exploded thanks to protests in LA and the political developments in America

In recent weeks, the wave of memecoin inspired by American politics has been causing a stir on decentralized exchanges. Leading the trend are "hot" topics such as the rift between Trump and Musk or the protests against the U.S. Immigration and Customs Enforcement that just erupted in Los Angeles.

Among the highlights are bold names such as Grand Theft America, Kill (the) Bill, Rent Only Goes Up, or The America Party. Although highly speculative, these community-initiated tokens somewhat reflect a stronger decentralized spirit compared to personal brand coins like the TRUMP memecoin.

Memecoin politics continue to rise

While memecoins were once created from bizarre events, internet jokes, or even conspiracy theories, politics has become the dominant source of inspiration in the market in recent months.

This wave started in January with a memecoin named after the President of America, Donald Trump — a token that quickly attracted attention and paved the way for a whole ecosystem of politically-themed memecoins. Since then, the trend has only been increasing. Just in the past few days, a series of new political tokens have successively taken over on decentralized exchanges (DEX), creating a lively and chaotic speculative frenzy.

Political memecoin | Source: DexScreenerIn just the past 24 hours, a series of political memecoins have exploded on DEX exchanges, reflecting the rapid “trend following” of the decentralized market. Notably, Grand Theft America — a token that combines the spirit of resistance from protests against ICE in Los Angeles with the rebellious style of the GTA game series — has attracted over $600,000 in liquidity in just a few hours.

Not long ago, the exchange of words between Donald Trump and Elon Musk on social media sparked a new memecoin frenzy. Dozens of tokens inspired by this event were created almost immediately, many of which quickly climbed the trending charts with skyrocketing trading volumes.

A meme related to the latest political and social instability in America, widely circulated to promote memecoin. Despite sticking closely to current news and political themes, this new wave of memecoin is notably more decentralized compared to individual tokens like TRUMP. Previously, Vitalik Buterin had warned politicians against issuing their own tokens, while some members of the US House of Representatives have also attempted to push for a ban on this type of personalized asset.

On the contrary, the current memecoins seem to reflect the spirit of the times — from slogans, viral memes to social events — without directly supporting any movements or individuals. They are more cultural than campaigning tools.

In a way, this contradicts Arthur Hayes' argument, who once suggested that memecoins could become a potentially powerful political promotion tool. However, with the tokens emerging recently, tracking down a clear message is almost impossible — they react quickly to trends but are not tied to a stance.

Ultimately, even the TRUMP token is experiencing a downward trend — despite the President playing a central role in the anti-ICE protests in Los Angeles.

So what is the lesson learned? The crypto industry is increasingly intertwined with political currents, but for the memecoin trading community, profit remains the top priority. What creates value is not necessarily a political stance, but the ability to evoke the imagination and emotions of the community.

When an image, event, or slogan strikes the right emotional chord with the masses, it can be transformed into a profitable speculative asset — regardless of whether the underlying political message is merely symbolic.

At this point in time, the instability in American political and social life is being vividly reflected through social media and the memecoin community, which, with its keen instinct and extremely high "trend-chasing" speed, is fully capitalizing on it.

Minh Anh