The Vice President personally "promotes"! Vans takes this internet meme coin to new heights with one meme.

Written by: BitpushNews

The market effect of Trump's “turning stone into gold” is being emulated by Vice President Pence.

On September 24, local time, U.S. Vice President JD Vance posted a meme based on himself titled “Pwease” on social media platform X, unexpectedly causing the Solana meme coin PWEASE to surge 65% in a short period of time. Although it later dropped nearly 30%, its market value still remains around 4.02 million dollars.

This “live-streaming spectacle” featuring political figures has once again demonstrated the power of political influence in the cryptocurrency market.

A traffic generated by the word 'please'

The story starts in February of this year. At that time, Vance was speaking with Ukrainian President Zelensky and asked him to say “please” and “thank you” to the United States. This conversation was turned into a meme by foreign netizens, and subsequently, the PWEASE token was born on the Solana chain.

In March of this year, the market value of the coin once soared to 54 million dollars, but as the hype faded, its market value recently dropped to only 4 million dollars.

Vance's release of the meme pack is aimed at attacking American political commentator Joy Reid. Reid criticized Vance in a video for getting into Yale University through “diversity policies” (DEI), and Vance used this meme pack in response, which was interpreted by outsiders as a mockery of Reid's appearance.

The tweet garnered 5.7 million views within 3 hours, directly driving PWEASE trading volume to surge by 235%, with its market value once exceeding 6 million dollars.

In stark contrast to the short-term popularity of PWEASE, the official meme coin TRUMP associated with Trump has continued to perform poorly. Despite Trump's recent important speech at the United Nations General Assembly, the token's price has still fallen by about 90% from its January peak. This disparity highlights that political meme coins are highly event-driven, with their price fluctuations exhibiting strong uncertainty and speculative characteristics.

In fact, political risk has become a new variable in the crypto market that cannot be ignored. From Trump to Vance, politicians have gradually established a pattern of influencing crypto assets through social media: their statements attract community attention, which in turn triggers violent price fluctuations.

Data shows that political Meme coins have developed into a unique sector within the cryptocurrency market. As of September 25, the total market capitalization of the top ten political-related tokens has exceeded $500 million, but their 30-day average volatility is over 200%, far higher than that of mainstream cryptocurrencies.

Despite the significant short-term rise of PWEASE, its fundamentals are extremely weak. The token reached a market cap peak of 54 million dollars in March, and then fell over 90%. There remains a huge question as to whether the price increase brought about by Vance's recent statement can form sustained support.

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

Prices are highly linked to the words and actions of political figures, with extreme fluctuations;

Lack of practical application and value support makes it difficult to establish a valuation system.

Easily impacted by changes in policy regulation, with significant uncertainty.

As of the time of writing, the market value of PWEASE has fallen 24% from its peak, to around 4 million USD; the TRUMP token continues its downward trend, having dropped nearly 90% from its January high. The rollercoaster market of politically-themed cryptocurrencies once again validates the meme principle of high volatility coexisting with high risk.