Week in Memes: Congress Crackdown on Political Meme Coins Incoming?

Over the last seven days, the meme coin market cap dropped almost 4%, from $55.73 billion to $53.69 billion.

The meme coin sector is as lively as ever, with political moves starting to shape the rules of the game as Ritchie Torres prepares to introduce new legislation that would prohibit the creation and sale of meme coins and stablecoins that exploit the likenesses of U.S. political figures.

Over the last seven days, the meme coin market cap dropped almost 4%, from $55.73 billion to $53.69 billion.

The meme coins’ top gainers mostly moved sideways over the last week.

The crypto Big 5—Bitcoin, Ethereum, Solana, XRP and BNB—rallied in response to the Fed’s latest FOMC announcement, even with no change to the 4.5% interest rate. Markets seemed to cheer the continued wind-down of Treasury securities, agency debt, and agency mortgage‑backed securities, and there is a large consensus that the next Fed meeting will yield a rate cut in June.

DeFiLlama’s Narrative Tracker showed that memes were ranked 10th, down five spots since last week, but they still outperformed Gaming and NFTs (which, let’s be honest, doesn’t say much).

The 30-day trajectory continued its surge, climbing nearly 140%.

More than half of the top meme coins failed to post gains as Bitcoin dominance continued its relentless climb.

CMC Meme Coins Page

The meme coin rally slowed down, but the trenches never die!

Biggest Gainers

Biggest Decliners

Solana Memes

Ethereum Memes

Osaka Protocol ripped almost 40% and was created to follow the vision of legendary Ryoshi by bringing back true decentralization to the people.

BSC Memes

Test (TST) jumped 15% as they joined the Mog acceleration party.

Base Memes

Degen (DEGEN) went up 10%, and they discussed new dev hires, DEGEN app launch, and office plans.

Sui Memes

MIU (MIU) surged 25% while they announced 9% of the total supply of 81,000,000,000,000 (81 Trillion) MIU will burn in 2025!

Bitcoin Runes

Dog (DOG) went up almost 3%, and the DOG army is loud and proud! Will 2025 be the year for the BTC ecosystem to go BOOM as BOS gets ready for launch?

DYOR before aping any tokens; meme coins are extremely risky.
Keep an eye on new legislation that would prevent U.S. political figures from making profits from meme coins.
Meme coins are extremely volatile. Make sure to have a diversified portfolio.
Consider reinvesting some profits into safer crypto tokens or stables.

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