Meme coins, initially intended to spread positive emotions and generate interest in the crypto space, are now delving into the political landscape. Projects like Wojak ($WOJAK), Pepe ($PEPE), Copium ($COPIUM), and Generational Wealth ($GEN) have generated strong political reactions in the crypto community, while some hold massive potential to create generational wealth.
Wojak, named after the popular internet meme, represents human emotions under one umbrella, connecting people from all backgrounds using the power of memes. Its native token, $WOJAK, saw remarkable early growth, but like most crypto assets, its value recently dipped. Despite this, it remains appealing, with an exchange listing on the Bybit platform.
On the other hand, $PEPE tapped into the popularity of the Pepe The Frog meme. Its market valuation rose to $1.6 billion within two weeks, making early adopters up to 4,000% in profits. However, it drew controversy, as Coinbase called it a ‘hate symbol,’ inciting backlash in the crypto community and pushing customers to move funds to rival exchanges.
Copium offers solace to investors caught in the middle of sudden price retractions, acting as a place to go after suffering a loss. The project centers on coping, which it believes is the new winning strategy, and aims to help investors turn losses into profits. The anonymous developers have launched a non-fungible token (NFT) asset set to be available on the OpenSea NFT marketplace.
Lastly, the $GEN token leverages the sideways-facing Chad meme and unlocks Generational Wealth’s Memeopolis, a platform for users to trade memes and create wealth. The token shot up to a $20 million valuation before dropping to $5 million. However, a strong comeback in the crypto market could improve the meme coin’s gains significantly.
Meme tokens, with their enormous potential, have become an onboarding sub-sector in the crypto space. Projects like Copium present political memes in the crypto arena, alluring many investors looking to participate early in a promising project.
Source: Cryptonews
