Opinion: Trump's election as US president may have a "negative" impact on Memecoin

Omid Malekan, a part-time professor at Columbia Business School, said in an X-post on October 26th: "Memecoin itself is a form of economic populism, and Trump's election as president will be "bearish for Memecoin" because they are a "form of economic populism and a statement against unfairness". Malekan added: "The regulatory wisdom in the United States is not favorable to Memecoins, because it refocuses the emphasis of cryptocurrencies on DApps and other truly important things, leading to a long bear market in which most people lost money on Memecoins. After risk-investment-supported tokens were "forced" into the cryptocurrency field due to pressure from Senator Elizabeth Warren and SEC Chairman Gary Gensler, the "Republican sweep" will bring back the first token issuance, fully open token airdrops, and the "King of other tokens' rationale."