Recent online reports that former U.S. President Joe Biden’s son had launched a token prompted Foresight to revisit an earlier episode in the meme coin market: the Trump token that was said to have been issued on Solana by a team close to Donald Trump in January last year.
The commentary says many people at the time saw the move as an attempt to capitalize on Trump’s name before he formally took office, while also trying to reduce legal risk. In the author’s telling, the idea of an incoming president making this kind of play in crypto was unprecedented both in U.S. politics and in the digital asset sector, which helped turn the story into a major talking point.
Trump briefly overtook AI + Crypto as the market’s main obsession
According to the article, the Trump token drew a wave of buying as soon as news of the launch spread. Traders posted screenshots of their results online, with some saying they had spotted the token early and others highlighting returns of 100x. The piece says Trump quickly eclipsed the then-hot AI + Crypto theme and became a primary target for both retail traders and speculative capital.
As the profit effect from Trump became obvious and fast, a token named Melania was also launched in the name of the future first lady, again before Trump officially took office. The author writes that while Melania did not match Trump’s performance, its wealth effect still appeared strong.
The piece adds that the scale of the reaction may have exceeded what the operators had expected beforehand. Otherwise, the author argues, they might have planned Trump and Melania earlier, or even rolled out a broader set of family-themed tokens tied to sons and daughters for speculators eager to trade the narrative.
Strong narrative did not translate into lasting price support
The author recalls that many traders were highly optimistic about Trump’s follow-through at the time. The arguments, as summarized in the article, were straightforward: it was the token of the president of the world’s most powerful country; it was launched by the politician seen as the most supportive of cryptocurrency; and there were claims that later operations would continue to add momentum to the Trump token.
On that basis, the token dominated attention and discussion across the crypto sector for a considerable period.
Still, the article says that more than a year into Trump’s term, the token’s market story failed to benefit from his real-world policy efforts. The author writes that Trump had introduced many measures to support crypto development and had tried to push the U.S. crypto sector to the front of the global market, even though some key bills remained stalled in the Senate. Those efforts, however, did not extend the token’s narrative or provide fresh support for its price.
From above $40 to below $2
That disconnect is central to the article’s argument. It says the Trump token fell from more than $40 to less than $2 by the time of writing. Discussion around the token has almost disappeared online, and even within the meme coin category, its presence has become nearly negligible.
The author’s point is that even a meme coin with top-tier visibility and political branding could not withstand the passage of time.
The article’s conclusion: treat it as speculation
For participants, the commentary argues, the key is to understand from the start that this is a speculative game. Buyers are betting that they are smarter than the market and quicker than other traders.
It also says repeated cycles like this should push market participants to develop clearer filters. In the author’s view, not every public figure who issues a token automatically deserves market attention, and celebrity status alone is not enough to justify speculation on the assumption that someone else will buy later at a higher price.
The piece ends by circling back to the latest online rumor. Trump, the author writes, already provided one example, and the outcome was limited. If other political figures want to issue tokens in the future, the implied threshold would at least be the presidency itself. As for Biden’s son, the article stresses that he is not a president, but the son of a former president, and questions why some people in crypto would still treat that as enough celebrity value to chase a token.
The article closes with a disclaimer stating that markets carry risk, investors should act with caution, and the piece does not constitute investment advice.
