The Political Memes Creating Generational Wealth - Wojak, Pepe, Copium, Chad Meme Coins
Meme coins have historically been seen as a way to generate interest in the crypto space and as a form of light-hearted humor as well as an investment vehicle, if a volatile one.
However, a number of them in 2023 are also delving into the political landscape, and helping many early buyers get rich in the process.
Below, we review some of the trendiest meme crypto assets that have gone beyond the usual Dogecoin and Shiba Inu type memes, to adopt politically charged memes known outside the cryptocurrency space.
One thing that has epitomized memes has been their representation of human emotions, but only a limited number of them have been under one umbrella.
The Wojak cryptocurrency is of the latter faction as it captures users' emotions.
Named after the popular internet meme of the same name, the Wojak project aims to connect people from all backgrounds and works of life using the power of memes.
This way, users can easily create more cartoonish representations of the meme using its highly intuitive protocol.
Wojak thrives on a transparent ecosystem that makes these different versions of the internet sensation publicly viewable.
Nonetheless, the Wojak crypto project provides the most robust decentralized platform, which enables meme enthusiasts to connect and create new relationships based on shared values and common experiences.
Like most crypto projects, the Wojak ecosystem is powered by a native token of the same name, $WOJAK.
The meme token was one of the earliest sensations in the meme crypto space as it rose more than 100% in days, hitting $100 million in the zenith of its rally.
Keeping in line with its remarkable growth, the $WOJAK token surged to an all-time high (ATH) of $0.00115.
However, like most crypto assets in the past week, the ERC-20 token has shed most of its gains, dipping over 87% in a week.
So far, its fully diluted market valuation has retraced to $15.7 million. The asset's trading price has also dipped to $0.000227, even though it is enjoying a bullish increase of 12.39% in the past day.
Despite this, the $WOJAK token has not lost its appeal amongst crypto investors.
The meme token is on course to get an exchange listing on the Bybit platform. It was recently featured in the Bybit vote-to-list campaign alongside other promising meme coins in the crypto ecosystem.
Pepe The Frog meme is one of the most popular memes on the internet since the proliferation of social media platforms.
The internet meme has now generated its crypto following with a greenish frog-like head.
Pepe is one of the top-meme cryptocurrencies after tapping into the popularity of meme coins like Dogecoin and Shiba Inu.
Powered by a similarly named token, $PEPE, the crypto project rose to a $1.6 billion market valuation within two weeks.
This caused several early-bird adopters to net upwards of 4,000% in profits.
$PEPE has become the new face of the meme coin season, enabling several other community-driven meme coins to hit stardom in a short period.
However, the meme project has drawn a bit of raucous in the crypto space.
While a litany of crypto exchanges like Gemini has started supporting the meme star, Coinbase has dubbed Pepe a 'hate symbol' according to the Anti-Defamation League, which it quoted.
This has drawn widespread criticism from the crypto space, with several customers publicly moving their funds to rival exchanges and canceling their subscriptions to Coinbase One.
Despite the bad labeling, the $PEPE token has continued to post bullish signals and is trading at $0.00000159, indicating an uptrend of 3.86% in the last day.
This points to the meme project's strong appeal despite what many centralized bodies call a political movement.
Even though the crypto space has produced several millionaires due to extraordinary value gains, many investors have been stung by price slumps.
Copium, a new cryptocurrency project, aims to be the last resort for investors caught in the middle of a price surge only to see sudden retracements.
According to the team, Copium is not just a token but a movement driven by laughter, fellowship, and a shared experience of traversing the uncertain crypto landscape.
In essence, the project's goal is to become the cryptocurrency platform investors can turn to after suffering a loss.
By infusing the meme of a cartoon-like character with a sad face, Copium embodies the spirit of the internet, where resilience and humor are the only way to continue functioning.
Copium takes its inspiration from the Wojak meme project. However, it differs in its objective as it is focused on helping troubled investors cope with their prior losses.
According to the anonymous developers, coping is the new winning strategy, and Copium will help investors turn their losses into profits.
The project also features a non-fungible token (NFT) asset set to drop on the OpenSea NFT marketplace.
The project is already enjoying massive backing from some of crypto's biggest names. A recent example is @MattInWeb3, who has publicly supported the project.
The project has also scored a high card amongst investors after it was recently featured in a list of top gainers by trading volume on Dextools.
Copium has also racked up over $8 million in less than five minutes of its launch, clearly highlighting the explosive growth surrounding the coin.
Generational Wealth ($GEN)
Rounding up our lineup of viral meme sensations is $GEN token which makes use of the sideways facing Chad meme.
According to the development team, Chad meme holders can better unlock the asset's full potential by holding its native $GEN token.
Similarly, the token would help users tap into Generational Wealth's Memeopolis, which provides users an avenue to trade memes and create wealth.
Since its debut, the $GEN token has shot up to $20 million before retracing to $5 million a few days later.
At press time, the digital meme token is trading at $0.00000001371, down 43.71% in the past day.
However, a strong comeback in the crypto market could potentially lead the meme coin to make a 7x gain to $100 million.
Meme tokens have become the best onboarding sub-sector in the crypto space.
Given the enormous potential that most of them possess, fun-themed projects are becoming increasingly popular.
In our article, Copium represents the best political memes to grace the crypto space.
The project's sharp increase in market valuation and serial backings make it a viable option for many investors looking to get into a promising project early.