157,000 meme coins launched on Trump-Musk interview; Analyst Says ‘The End of the Meme Coin Era’

Yesterday, Donald Trump rejoined X and made a big change. Many responded negatively to the interview, focusing on technical glitches and perceived support for Trump. While it's an important day for meme coins, Crypto Banter analyst Ran believes the interview marked a turning point, which could signal the end of the meme coin super cycle.

While some meme coins with strong network effects may survive, it suggests that the boom in meme coins may be overdue. He said that meme coins experienced a huge increase yesterday, led by the Trump-Musk interview. Almost every word Musk says seems to be a meme coin. However, he believes this is the end of the meme coin era. Although 157,000 Mem coins were released to the market, only three were able to graduate from the Bonding Curve, and none of them exceeded their initial value.

The analyst criticized platforms like pump.fun, which made it too easy to create meme coins, leading to oversaturation in the market. As a result, the excitement surrounding meme coins has faded. He said people are no longer making huge profits from meme coins, and the game has lost its appeal. August 13 believes the meme coin craze is over and predicts a return to focus on more valuable crypto projects like VC coins and altcoins.

Trump-Musk interview:

Despite criticism from the mainstream media, the discussion was influential and attracted much attention. Critics criticized the event, pointing out technical issues, but it still garnered huge audiences and impressions. The interview covered a variety of topics, including the EU's attempts at censorship and the state of California under the governor. Overall, the event was considered a huge success for Trump, generating more than a billion views.