Cryptocurrency analysis platform Messari has conducted an analysis on memecoins, noting that several popular memecoins such as TRUMP, MELANIA, MOTHER, DADDY, and JAILSTOOL have experienced significant declines after rapid rises. These memecoins have seen drops of up to 80% since reaching their all-time highs, with Trump's token, TRUMP, falling over 60% and Melania's token, MELANIA, falling over 80%. Other celebrity-backed meme coins such as MOTHER, DADDY, and JAILSTOOL have also experienced declines exceeding 80%. The decline of these memecoins highlights the risks associated with speculative assets like memecoins. US Senator Elizabeth Warren has called for federal scrutiny of TRUMP and MELANIA, while investors are shifting their focus to other altcoins, particularly DeFi and RWA-based altcoins, due to the high volatility and risks of memecoins.



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