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The Trump memecoin parody has exploded into both political and crypto circles after California Governor Gavin Newsom unveiled a satirical token dubbed “Trump Corruption,” openly mocking Donald Trump’s official TRUMP coin.
The launch has already sparked a frenzy online, fueling debate over whether meme tokens are evolving into tools of political commentary as well as market speculation.
The Trump memecoin parody was revealed during Newsom’s appearance on the tech and politics podcast Pivot, co-hosted by Kara Swisher. Newsom boldly declared:
“We’re about to put a meme coin out, and you know what, Donald Trump, we’ll see how well your coin does versus our coin,” — Gavin Newsom, Pivot Podcast.
Trump’s TRUMP token once soared to an all-time high of $73.43 with a staggering $1.6 billion market cap. But the token has recently struggled, dipping 5% in the past 24 hours and sliding toward $8.34.
By contrast, Newsom’s Trump memecoin parody is still in the planning stage, but he confirmed that all proceeds will go directly to his “Campaign for Democracy.”
“All of [the proceeds] will go to our Campaign for Democracy. They go for this effort on redistricting. They go into our effort to continue to raise awareness and communicate and organize,” Newsom explained.
The Trump memecoin parody is not merely a joke—it’s a political weapon. Newsom has long been one of Trump’s most vocal critics, and this stunt marks a new battlefield: digital finance.
Edward Moya, Senior Market Analyst at OANDA, called the move a mixture of political theater and market spectacle:
“The Trump memecoin parody has no real utility beyond satire, but it draws attention to both the volatility of meme tokens and the ongoing clash between Trump and Newsom,” Moya said.
The launch announcement comes just days before Trump-backed World Liberty Financial (WLFI) token goes live, a project the Trump family has leveraged to bolster what analysts call a crypto empire worth over $5 billion.
That makes the Trump memecoin parody both a provocation and a challenge, with Newsom daring Trump to a new kind of competition—this time fought on the blockchain.
The Trump memecoin parody taps into a trend where meme tokens, though often mocked, have created real wealth.
Dogecoin and Shiba Inu reached multi-billion-dollar market caps during the 2021 meme coin frenzy.
Dan Ives, tech analyst at Wedbush Securities, suggested the coin could ride that same viral energy:
“This is the fusion of politics, satire, and speculative trading. If Newsom gets the timing right, the Trump memecoin parody could attract both political supporters and crypto speculators looking for the next big trend.”
This isn’t Newsom’s first parody stunt. He previously unveiled “Make America Gavin Again” hats and spoofed Trump’s Bible sales with satirical merchandise.
On Pivot, Newsom explained his no-holds-barred approach:
“That’s when we just said, ‘We’re on the other side of this. And we told the team, it’s no permission slip now, not even forgiveness. You just go and we go hard, and we don’t stop.”
While the Trump memecoin parody may generate headlines, experts warn of the risks of mixing political campaigns with speculative assets.
Jennifer Palmieri, former White House communications director, called it a bold but risky gamble:
“It’s a risky but clever move. Newsom is using Trump’s own playbook of spectacle and turning it against him. The crypto angle adds a fresh twist.”
For now, the Trump memecoin parody has no confirmed launch date, but it has already sparked heated debate in both political and financial circles.
Supporters hail it as a savvy, modern tactic, while critics argue it blurs ethical lines between governance and financial speculation.
One thing is undeniable: the Trump memecoin parody escalates the rivalry between Gavin Newsom and Donald Trump, shifting their feud from campaign rallies to the blockchain.
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