Samecoin, who 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 about a month. Some are skeptical about the theme of the same is no longer durable.
According to CoinMarketCap on the 27th, the overall market capitalization of the same corner 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 official Trump.
The drop in the main parts even is also visible. During the same period, the price of Dogecoin dropped by 48.0%, Pepe fell by 54.4%and the official Trump dropped by 82.8%.
It is completely different from the end of last year, when only parts even showed a strong increase.
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 atmosphere of the market has changed with the release of the head of the coin of the American president Donald Trump Trump on the 17th (local time). Trump’s market capitalization exceeded 20 krw billions immediately after being listed.
After the success of the Trump official, the pieces of the first lady “Melania even” also appeared. On the 14th, “Balance”, a piece of meme by President Argentine Javier Milay, appeared.
The problem is that these parts have destroyed the original characteristics of coins. The implicit rule of the coin is “equitable liberation”, which is distributed on the market from its issue. The foundation must have the volume of distribution and not affect the price through the intermediary.
However, as soon as Trump’s play even was published, he bought 80% of the volume and Trump later revealed to the Social Networking Services (SNS) that the Trump official 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 was also problematic that the North Korean pirates, who recently hacked Bibit, the second world exchange in terms of transaction value, used the meme “Qin Shihuang” to whiten money.
According to the analyst of the Blockchain Jack XBT, the North Korean piracy group Lazarus published Ginxihuang pieces in Pumpfun. Pumpfun is a trading platform for coins based on Solana. Qin Shi Huang’s negotiation volume quickly increased to $ 26 million within three hours of publication. It was an increase in the size of the transaction due to the money laundering of Lazarus.
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. Matt Hogan, Director of Investments (IOC) of Bitwise, the Bitcoin Spot Exchange Traded Fund (ETF), said: “There are enough assets to replace the parts even such as Bitcoin, Stablecoins and actual linked actions (RWA),” Add “, the end of coins is visible on the virtual asset market.”.
(Recently a journalist)