Meme coins have become a notable phenomenon in the crypto world. Examples like Pepe Coin and Trump Coin show how they can draw interest and yet come with significant price swings.
Pepe Coin’s Sudden Rise
Pepe Coin emerged in April 2023, based on the popular Pepe the Frog meme, and quickly gained attention without prior announcements or presales. This allowed it to reach a market cap of over $1 billion swiftly. Early buyers saw substantial returns, with one legendary trade turning a $27 investment into $52 million. However, the price later dropped significantly, accompanied by negative market sentiments.
Trump Coin’s Debut—Big Numbers, Big Questions
On January 17, 2025, Donald Trump launched the Trump Coin ($TRUMP) on the Solana platform. The coin's price surged, peaking at $74.59 before dropping sharply, leaving many investors at a loss. $TRUMP remains in the spotlight due to controversies over the legitimacy of such cryptocurrency launches by national leaders.
Dragoin’s Game: A New Perspective for Meme Coins
Different from many meme coins, Dragoin offers a Telegram-based play-to-earn game from the outset. Players can collect and develop virtual creatures, earning tokens along the way. This approach helps attract users and build an active community, setting it apart from traditional meme coin pursuits of quick fame and profits.
Meme coins like Pepe Coin and Trump Coin demonstrate how market sentiments can quickly shift based on hype. However, Dragoin's approach, focusing on content and user engagement, gives hope for more sustainable development of such projects.
