Meme coins capitalize on LA protests and US political drama

In recent weeks, meme coins revolving around US politics have continuously become trending on decentralized exchanges. The frequent topics include the Trump/Musk divide and the latest anti-ICE protests in Los Angeles.

Some notable examples include Grand Theft America, Kill (the) Bill, Rent Only Goes Up, The America Party, and more. Although speculative, these community-driven tokens demonstrate more decentralization compared to coins like TRUMP.

Political meme coins are increasing

Many strange or mysterious events can give rise to related meme coins, but topics related to politics have become increasingly prominent in recent months.

The meme coin named after President Trump initiated this trend in January, and it has developed to new levels since then. In recent days, a series of political meme coins have continuously become trending on DEXs.

In the past 24 hours, several important examples of political meme coins have become trending. Grand Theft America, for instance, a combination of ICE protests in Los Angeles and the GTA video game series, has raised 600,000 USD in the past few hours.

Last week, a controversy between President Trump and Elon Musk inspired dozens of meme coins, many of which became trending.

However, this wave of political meme coins is more decentralized than assets like TRUMP. Vitalik Buterin has warned about political figures issuing their own tokens, and Democratic Representatives have attempted to ban such assets.

However, the current group only alludes to events of the era or famous quotes, and does not seem to support any movement or figure.

In a way, this contradicts Arthur Hayes' proposal that meme coins could become an effective political advertising method. It is very difficult to find any clear message from these prevalent tokens.

Ultimately, TRUMP is currently in a price decline despite the President's strong involvement in the LA ICE protests.

So, what is the lesson here? The cryptocurrency industry is engaging in the political sphere, but meme coin traders are focused on their profits.

If public events capture the community's imagination, it can lead to potentially profitable opportunities. In terms of content, the political message of these tokens remains superficial.

Currently, the political and social unrest in the US is being displayed directly on social media, and the meme coin community is making the most of this.