The Vice President personally "endorses" it! Vance's meme brings this Meme coin to new heights

The "Midas touch" market effect of Trump is now being imitated by Vice President Vance.

On September 24 local time, U.S. Vice President JD Vance posted a meme of himself called "Pwease" on social media platform X, which unexpectedly triggered a 65% surge in the Solana meme coin PWEASE of the same name in a short period. Although it later fell back by nearly 30%, its market cap still remains around $4.02 million.

This "celebrity endorsement show" personally performed by a political figure once again demonstrated the power of political traffic in the crypto market.

A traffic frenzy triggered by the word "please"

The story dates back to February this year. At that time, Vance, while speaking with Ukrainian President Zelensky, demanded that he must say "please" (pwease) and "thank you" to the United States. This conversation was turned into a meme by foreign netizens, and the PWEASE token was subsequently launched on the Solana chain.

In March this year, the token's market cap once soared to $54 million, but as the hype faded, it recently dropped to just $4 million.

This time, Vance posted the meme to attack American political commentator Joy Reid. Reid criticized Vance in a video, saying he only got into Yale University because of "diversity, equity, and inclusion" (DEI) policies. Vance used this meme in response, which was interpreted by the public as a mockery of Reid's appearance.

The tweet received 5.7 million views within three hours, directly driving PWEASE trading volume up by 235%, and its market cap briefly exceeded $6 million.

In sharp contrast to PWEASE's short-term popularity, the official Trump meme coin TRUMP continues to perform poorly. Despite Trump's recent important speech at the United Nations General Assembly, the token's price is still down about 90% from its January peak. This contrast highlights the event-driven nature of political meme coins, whose price fluctuations are highly uncertain and speculative.

In fact, political risk has become a new variable in the crypto market that cannot be ignored. From Trump to Vance, the pattern of political figures influencing crypto assets through social media is gradually solidifying: their statements attract community attention, which then triggers dramatic price swings.

Data shows that political meme coins have developed into a special sector in the crypto market. As of September 25, the total market cap of the top ten political-related tokens exceeded $500 million, but their 30-day average volatility is over 200%, far higher than mainstream cryptocurrencies.

Although PWEASE has seen significant short-term gains, its fundamentals are extremely weak. The token once reached a market cap peak of $54 million in March, but then plummeted by more than 90%. Whether the price surge brought by Vance's recent remarks can provide sustained support remains highly questionable.

For ordinary investors, political meme coins carry three main risks:

• Prices are highly tied to the words and actions of political figures, resulting in extreme volatility;

• Lack of real-world application and value support, making it difficult to establish a valuation system;

• Highly susceptible to regulatory changes, with pronounced uncertainty.

As of press time, PWEASE's market cap has fallen 24% from its peak to around $4 million; the TRUMP token continues its decline, down nearly 90% from its January high. The roller-coaster performance of political cryptocurrencies once again confirms the meme rule of high volatility and high risk.