Donald Trump’s recent foray into memecoins unleashed a whirlwind of imitation in the cryptocurrency arena. As the re-elected US president embraces crypto, opportunistic tokens have inundated the market. The wave of enthusiasm quickly led to over 700 new memecoins launching soon after his move. Investors are captivated by these tokens, often basing their purchases on mere speculation rather than substantive fundamentals. The crypto community remains divided on the potential impact of these memecoins, with some seeing them as exciting novelties while others caution against inevitable failures. As the dust settles, only time will reveal which tokens have staying power and which will fade into obscurity.