TechFlow news, October 28 — According to Cointelegraph, Omid Malekan, an adjunct professor at Columbia Business School, stated that if Trump wins the upcoming U.S. election, it would have a negative impact on the meme coin market. Data from CoinGecko shows that the total market capitalization of meme coins has reached $61 billion.
Malekan believes that meme coins are essentially an expression of economic populism, serving as a protest against unfair tokenomics backed by venture capitalists and insider allocations. He points out that a full Republican victory would bring back activities such as ICOs and token airdrops, and this regulatory clarity would shift the crypto market's focus back to substantive projects like decentralized applications.
Nic Carter, partner at Castle Island Ventures, agreed with this view, stating that meme coins are largely a reaction to the SEC's oppressive regulation. However, cryptocurrency trader Murad Mahmudov holds a different opinion, arguing that 99% of meme coin investors do not care about politics, and that the movement of meme coins primarily depends on the continuous growth of global money supply.
