Samecoin, which has run the coin market since the beginning of last year, recently continued to weaken, and its market capitalization has evaporated more than half in a month. The drop is particularly visible, although the impact is significant due to the clear drop in bitcoin.
Some are skeptical about the theme of the same is no longer durable.
According to CoinMarketCap on the 27th, the total market capitalization of the same part was $ 57.3 billion at 2 p.m., diving 51.30% against $ 117.6 billion on the 19th of the month immediately after the launch of the official Trump.
The drop in the main parts even is also visible. During the same period, Dogecoin dropped by 48.0%, Pepe fell by 54.4%and official Trump fell by 82.8%.
It is completely different from the end of last year, when only parts even showed a strong increase. Samecoin had enjoyed the greatest popularity before President Donald Trump was elected. Indeed, the American Commission for Securities and Exchange (SEC) is free from attacks on the virtual asset market.
The coins are parts that have neither goal nor use. Naturally, it is less likely to become a legal problem because of its lack of titles. He also gained popularity because he can quickly create parts that reflect online trends.
The market atmosphere has changed when President Trump launched his official “Trump” play on the 17th of last month (local time). Trump’s official market capitalization exceeded approximately 20 billions earned immediately after being registered.
Tiger Research said: “Memcoin emerges as a key trading element for virtual asset exchanges in speculative assets”, adding, “this stimulates changes in the flow of funds on the market as well as a large influx of liquidity”.
After the success of the Trump official, the first lady ‘Melania even’ Coin also appeared. On the 14th, “Balance”, a piece of meme by Argentinian president Javier Milay, the Argentine Trump, “also appeared.
The problem is that these parts have destroyed the original characteristics of coins. The implicit rule of the “fair release” of coins is that they are distributed on the market from their issue. The foundation must have the volume of distribution and not affect the price through the intermediary.
However, Trump Memecoin bought 80% of the volume from his issue, and Trump later revealed on his social network (SNS) that the official Trump is the official part of the same.
Samecoin has received great attention in that it purely inherited the Bitcoin spirit against the centralized capital, said Kim Min-Seung, head of the Covit Research Center. “However, the ecosystem was quickly cooled because such a culture was distorted by Trump and Milay Memecoin.”
This is not the only threat to the ecosystem of the same. It has also become a problem for North Korean hackers who recently hacked Bibit, the second world exchange of transaction volume, to whiten money using the “Jinxi Huang” memes piece.
According to the blockchain analyst, Zachxbt, Lazarus published around 500,000 Qin Shihuang coins in Pumpfun. Pumpfun is a trading platform for coins based on Solana.
The commercial volume of Qin Shi Huang quickly increased to $ 26 million within three hours of publication. It is explained that the volume of transactions has increased due to Lazarus money laundering.
When the news broke out, Solana removed the Pumpfun’s Qin Shi Huang part. Currently, only the parts even similar are exchanged in Pumpfun, not Ginxihuang pieces issued by Lazarus.
In the middle of this situation, some say that the end of the play of the play is arrives. Matt Hogan, Director of Investments (IOC) of Bitcoin Spot ETF Bitwise emitter, said: “There are enough assets to replace the parts even such as Bitcoin, Stablecoins and real assets (RWA),” adding “, the end of the same parts is visible on the virtual active market.”
Samecoin increases according to the abundant liquidity of the market, but it is also a problem that the virtual asset market continues to weaken. At 3 p.m., Bitcoin is negotiated at $ 85,801, down 3.31% compared to the day before. Bitcoin dropped by 10.86% in the last three days.