A recent report by ChainPlay, a one-stop hub for all-things blockchain gaming, and Storible, a digital PR agency, reveals that nearly 80% of crypto investors have bought president-endorsed memecoins such as $TRUMP, $CAR and $LIBRA.
- However: Two-thirds of these investors are losing money.
Report Background
- According to ChainPlay and Storible, the study surveyed 1,066 crypto investors on Prolific about their president-endorsed memecoin purchases.
- Profit-and-loss (PnL) data was analyzed using Dune Analytics and verified with Nansen for accuracy.
- The data was collected on February 19, 2025.
Report Findings
- 78% of crypto investors bought president-endorsed memecoins, but many faced losses
- 37% were first-time buyers, drawn by political relevance and viral marketing.
- 21% of these first-time buyers quit crypto entirely after their experience.
- 66% of investors in these memecoins are losing money due to high volatility and pump-and-dump cycles.
- 75% of $LIBRA investors are losing money.
- 66% of $CAR investors are at a loss, where 61% lost between $1,000 and $0, but only 0.07% made more than $100,000.
Profit-and-Loss Breakdown
PnL measures the profit or loss from trades, helping assess investment effectiveness. It enables traders to evaluate success and make informed decisions for future trades.
For $TRUMP:
- 52% lost money, with total losses at $3.6 billion.
- Nearly 545,000 $TRUMP investors lost up to $10,000.
- 287 TRUMP investors lost more than $1 million.
For $LIBRA:
- 75% lost money, with total losses at $292 million, making it the worst performer.
- More than 101,000 investors lost up to $10,000.
- 26 $LIBRA investors lost more than $1 million, while 36 investors made more than $1 million.
For $CAR:
- 66% lost money, with 61% losing between $1,000 and $0.
- Only 0.07% made more than $100,000.
“Memecoins tied to political figures have demonstrated their ability to attract mass participation, but they also expose the speculative nature of the market. The data clearly shows that most investors have lost money, with a significant percentage leaving crypto altogether.”
ChainPlay
President-Endorsed Memecoins
$TRUMP
The Trump Token, also known as $TRUMP, is a cryptocurrency associated with U.S. President Donald Trump.
- It was launched just before Trump took office, making it the first memecoin linked to a sitting U.S. president.
Read more:
$LIBRA
$LIBRA has recently been in the spotlight due to a significant controversy. It was launched on February 15, 2025, with an endorsement from Argentine President Javier Milei.
- The token’s price surged initially but then plummeted, leading to widespread speculation about a possible scam.
Read more: Everything to Know About the $LIBRA Memecoin Scandal: From $4.5 Billion Hype to Fraud Charges
$CAR
Launched on February 10, 2025, $CAR is a cryptocurrency linked to the Central African Republic.
- President Faustin-Archange Touadéra actively promoted the token on his official X account and framed it as an initiative to foster national unity and economic growth.
- It can be remembered that in 2022, the Central African Republic approved cryptocurrency as legal tender.
Memecoins in General
Memecoins are cryptocurrencies that started as jokes or memes but gained popularity due to their strong community support and viral nature. Their value is highly volatile, driven only by social media hype and endorsements from influential figures.
- Despite the high risk, some memecoins have shown potential for significant returns, making them an intriguing aspect of the cryptocurrency market.
- Data from CEX.IO showed that the market cap of meme coins has grown by 330% in 2024, reaching $140 billion.
Worth reading: Following the controversy involving Argentine President Javier Milei—who was accused of fraud for promoting $LIBRA—George Asibal, CEO of ZFT, stated in an interview that he was “alright with insider trading” but disapproved of government officials engaging in it. (Read more: “Crypto Is an Insider’s Game”—ZFT’s George Asibal Stands by His Statement Amid $LIBRA Controversy)
This article is published on BitPinas: 80% of Crypto Investors Bought President-Endorsed Memecoins, but Most Are Losing Money
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