🤔 What will happen to the meme coin market if Trump wins the presidential election?
Many experts believe that Donald Trump will positively impact the crypto market more than Kamala Harris. However, the impact on the meme coin segment remains a matter of debate.
According to Columbia Business School professor Omid Malekan, Trump’s success in the election could negatively impact the meme coin sector.
💬 To further ingratiate myself with Solana fans, here's an argument of why a Trump win and/or Republican sweep (which Polymarket has at 50%) is bearish memecoins.i) Memecoins themselves are a form of economic populism. They are a statement against the unfair ( and often grifty)…— Omid Malekan 🧙🏽♂️ (@malekanoms) October 27, 2024
The expert noted that investor interest in meme coins has increased due to disappointment in the tokenomics of venture-backed projects. If Trump becomes president, the Republican Party may change some rules allowing token holders to benefit from dividends and fees, which could reduce interest in meme coins.
🔸 Meme coins as a response to SEC policies
Meme coins have become a kind of response to the tough policy of the U.S. Securities and Exchange Commission (SEC), so their softening in the event of a victory of the Republicans with Donald Trump at the helm will lead to a drawdown, stated the co-founder and general partner of the firm Castle Island Ventures, Nic Carter.
This is how he commented on the publication of the professor of the Columbia Business School, Omid Malekan. In it, he called on the community of the Solana project to support the Democrats, who are represented in the presidential elections by Kamala Harris.
#memecoin #meme #trump