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1. Shard Calculation

Query:

Response:

Calculated Shard: 198 (from laksa191)

2. Crawled Status Check

Query:

curl -X POST \
  'http://laksa198.int.ahrefs:8124/' \
  -H 'Content-Type: text/plain' \
  -H 'X-ClickHouse-Database: crawler3' \
  -H 'Authorization: Basic YXBpOg==' \
  -d 'SELECT getAhrefsURLFromUnparsed(src_unparsed) AS found_url, ifNull(toUnixTimestamp(download_stamp), 0) AS crawl_time, ifNull(toUnixTimestamp(props_url_first_seen), 0) AS first_indexed_time, download_http_code AS http_code, src_unparsed AS src_unparsed, src_root_hash AS src_root_hash, history_drop_reason AS history_drop_reason, meta_title AS meta_title, meta_descriptions AS meta_descriptions, attrs_boilerpipe_text AS attrs_boilerpipe_text, attrs_markdown AS attrs_markdown, attrs_readable_markdown AS attrs_readable_markdown, meta_canonical AS meta_canonical FROM crawler3.page_info_local FINAL PREWHERE (src_root_hash, src_unparsed) IN ((getAhrefsRootHashFromUnparsed(getAhrefsUnparsedNoserviceFromURL(\'https://www.thestreet.com/crypto/markets/tesla-bull-reveals-major-reason-for-crypto-crash\')), getAhrefsUnparsedNoserviceFromURL(\'https://www.thestreet.com/crypto/markets/tesla-bull-reveals-major-reason-for-crypto-crash\'))) FORMAT JSONEachRow'

Response:

{"found_url":"https:\/\/www.thestreet.com\/crypto\/markets\/tesla-bull-reveals-major-reason-for-crypto-crash","crawl_time":1776524597,"first_indexed_time":1771008800,"http_code":200,"src_unparsed":"com,thestreet!www,\/crypto\/markets\/tesla-bull-reveals-major-reason-for-crypto-crash s443","src_root_hash":"16830918639483046198","history_drop_reason":null,"meta_title":"Tesla bull reveals major reason for crypto crash - TheStreet Crypto: Bitcoin and cryptocurrency news, advice, analysis and more","meta_descriptions":["The investor points out memecoin frenzy and their impact on broader crypto market"],"attrs_boilerpipe_text":"The investor points out memecoin frenzy and their impact on broader crypto market\nBitcoin\n(BTC) has been struggling to gain a foothold on its price for the past couple of months. At the time of writing, it was hovering near $69,000, a drop of nearly 44% since its peak of $124,000 in October 2025.\nBut according to popular investor and CEO of Gerber Kawasaki Wealth & Investment Management, Ross Gerber, the reason for this struggle may not be macro forces alone. \nInstead, he points to the explosion of celebrity-backed\nmeme coins\nas a key driver of fading confidence.\nMeme coin fatigue sets in\nGerber argues that the launch of\nDonald Trump\nand Melania Trump-themed meme coins around his second term's inauguration in January 2025, followed by a wave of celebrity-endorsed coins, has left retail investors burned and skeptical, Business Insider\nreported\non Feb. 13.\nFor him, meme coins either resemble rug pulls or collapse so quickly that investors are left with nothing but losses. \nTRUMP meme coin's price collapse ever since its launch (Source: CoinGecko)\nGerber cited the sharp declines in\nWorld Liberty Financial Coin\n(WLFI) and the Melania token (MELANIA), along with the Trump meme coin (TRUMP).\n“People dive in and buy this stuff because they buy into the fraud, basically, and then they get burned, and that money doesn’t come back,”\nGerber said.\nScroll to Continue\nRecommended Articles\nEver since their launch, as per CoinGecko, TRUMP coin has fallen by 88.3% while MELANIA coin has dropped by 98.4%. Meanwhile, WLFI, \nMELANIA meme coin has seen over 98% drop compared to its launch price (Source: CoinGecko)\nHe also pointed to other celebrity-linked tokens, including one launched by former New York City Mayor\nEric Adams\nand the HAWK coin from internet personality Haliey Welch, as examples of short-lived hype followed by steep declines.\nPopular on TheStreet Roundtable:\nU.S. household debt hits $18.8T as missed payments surge\nStandard Chartered slashes 50% price target for Bitcoin\nGold, silver, S&P 500, crypto crash again amid extreme fear\nMeme coins scare traders away\nFor Gerber, the damage goes beyond individual tokens.\nBitcoin\n’s rallies have historically depended on new participants entering the market. But when retail investors lose money on meme coins, Gerber explained that many lose confidence in crypto altogether and make their exit.  \n“It’s extremely difficult for Bitcoin to rally when investors are being scared away from crypto,”\nhe argued. \nGerber also believes the administration’s looser approach to\ncrypto regulation\nmay be contributing to the perception of a less disciplined market environment. This potentially scares away more conservative investors.","attrs_markdown":"[Skip to main content](https:\/\/www.thestreet.com\/crypto\/markets\/tesla-bull-reveals-major-reason-for-crypto-crash#main-content)\n\n[![](https:\/\/www.thestreet.com\/.image\/MTk4MDE0NzI1NTM4MTk0NTkz\/mtc0mdmzndmwnzaxnde4mduw.svg)](https:\/\/www.thestreet.com\/)\n\n- [PREMIUM PRODUCTS](\"PREMIUM PRODUCTS\")\n  [TheStreet Pro](https:\/\/pro.thestreet.com\/ \"TheStreet Pro\")[Login](https:\/\/www.thestreet.com\/login?targetUrl=https%3A%2F%2Fpro.thestreet.com%2F \"Login\")\n  \n  [Subscribe TSTPro](https:\/\/subscriptions.thestreet.com\/get-thestreet-pro \"Subscribe TSTPro\")\n  \n  [Crypto Investor](https:\/\/www.thestreet.com\/crypto\/ \"Crypto Investor\")[Portfolio (AAP)](https:\/\/pro.thestreet.com\/portfolio \"Portfolio (AAP)\")[Latest (All Real Money Pro Authors)](https:\/\/pro.thestreet.com\/authors \"Latest (All Real Money Pro Authors)\")[Top Stocks](https:\/\/topstocks.thestreet.com\/ \"Top 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2026\n\n[![TheStreet home](https:\/\/www.thestreet.com\/.image\/MjA1ODEyNTUzMDAyMDAxNTE5\/ts-rt-lockup-smaller.svg)](https:\/\/www.thestreet.com\/crypto\/)\n\n- [Tech](https:\/\/www.thestreet.com\/technology)\n- [Retail](https:\/\/www.thestreet.com\/retail)\n- [Investing](https:\/\/www.thestreet.com\/investing)\n- [Markets](https:\/\/www.thestreet.com\/markets)\n- [Personal Finance](https:\/\/www.thestreet.com\/personal-finance)\n- [Crypto](https:\/\/www.thestreet.com\/crypto)\n- [Pro](https:\/\/pro.thestreet.com\/)\n\n[PREMIUM PRODUCTS]()\n\n[TheStreet Pro](https:\/\/pro.thestreet.com\/)[Login](https:\/\/www.thestreet.com\/login?targetUrl=https%3A%2F%2Fpro.thestreet.com%2F)\n\n[Subscribe TSTPro](https:\/\/subscriptions.thestreet.com\/get-thestreet-pro)\n\n[Crypto Investor](https:\/\/www.thestreet.com\/crypto\/)[Portfolio (AAP)](https:\/\/pro.thestreet.com\/portfolio)[Latest (All Real Money Pro Authors)](https:\/\/pro.thestreet.com\/authors)[Top 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At the time of writing, it was hovering near \\$69,000, a drop of nearly 44% since its peak of \\$124,000 in October 2025.\n\nBut according to popular investor and CEO of Gerber Kawasaki Wealth & Investment Management, Ross Gerber, the reason for this struggle may not be macro forces alone.\n\nInstead, he points to the explosion of celebrity-backed [meme coins](https:\/\/www.thestreet.com\/crypto\/tag\/memecoins) as a key driver of fading confidence.\n\n[![Dogecoin-Tesla](https:\/\/www.thestreet.com\/.image\/ar_16:9%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_640\/MTk4NTA5NTkwODY2NDM3NTcx\/dogecoin-tesla.jpg)](https:\/\/www.thestreet.com\/crypto\/markets\/memecoin-mania-cools-as-trump-token-invites-greater-scrutiny-of-sector)\n\n[Memecoin mania cools, as Trump token invites greater scrutiny of the sector](https:\/\/www.thestreet.com\/crypto\/markets\/memecoin-mania-cools-as-trump-token-invites-greater-scrutiny-of-sector)\n\n[Read More](https:\/\/www.thestreet.com\/crypto\/markets\/memecoin-mania-cools-as-trump-token-invites-greater-scrutiny-of-sector)\n\n[![Dogecoin-Tesla](https:\/\/www.thestreet.com\/.image\/ar_16:9%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_640\/MTk4NTA5NTkwODY2NDM3NTcx\/dogecoin-tesla.jpg)](https:\/\/www.thestreet.com\/crypto\/markets\/memecoin-mania-cools-as-trump-token-invites-greater-scrutiny-of-sector)\n\n[Memecoin mania cools, as Trump token invites greater scrutiny of the sector](https:\/\/www.thestreet.com\/crypto\/markets\/memecoin-mania-cools-as-trump-token-invites-greater-scrutiny-of-sector)\n\n[Read More](https:\/\/www.thestreet.com\/crypto\/markets\/memecoin-mania-cools-as-trump-token-invites-greater-scrutiny-of-sector)\n## Meme coin fatigue sets in\nGerber argues that the launch of [Donald Trump](https:\/\/www.thestreet.com\/crypto\/markets\/trumps-wealth-is-now-surprisingly-less-about-real-estate) and Melania Trump-themed meme coins around his second term's inauguration in January 2025, followed by a wave of celebrity-endorsed coins, has left retail investors burned and skeptical, Business Insider [reported](https:\/\/www.businessinsider.com\/bitcoin-donald-trump-meme-coins-crypto-market-investing-btc-wlfi-2026-2) on Feb. 13.\n\nFor him, meme coins either resemble rug pulls or collapse so quickly that investors are left with nothing but losses.\n\n[![TRUMP meme coin's price collapse ever since its launch (Source: CoinGecko)](https:\/\/www.thestreet.com\/.image\/t_share\/MjIxMjc3MTE5MzUzNzkyMzc0\/screenshot-2026-02-13-at-114132pm.png)](https:\/\/www.coingecko.com\/en\/coins\/official-trump)\n\nTRUMP meme coin's price collapse ever since its launch (Source: CoinGecko)\n\nGerber cited the sharp declines in [World Liberty Financial Coin](https:\/\/www.thestreet.com\/crypto\/trading\/trump-backed-stablecoin-quietly-overtakes-paypal-amid-binance-boost) (WLFI) and the Melania token (MELANIA), along with the Trump meme coin (TRUMP).\n\n> **“People dive in and buy this stuff because they buy into the fraud, basically, and then they get burned, and that money doesn’t come back,”** Gerber said.\n\nScroll to Continue\n\n## Recommended Articles\n[![Cathie Wood, chief executive officer of Ark Investment Management LLC, during the Federal Reserve's Payments Innovation Conference in Washington, DC, US, on Tuesday, Oct. 21, 2025. The conference brings together industry experts to share perspectives on the evolving landscape of money and payments. Photographer: Aaron Schwartz\/Bloomberg via Getty Images](https:\/\/www.thestreet.com\/.image\/ar_16:9%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_620\/MjE4OTI3OTQ4ODczMzQ0NjE0\/cathie-wood.jpg)![Play](https:\/\/www.thestreet.com\/assets-global\/play-button-blk.svg?v=2026-03-31-152826-3e03e40-001357)](https:\/\/www.thestreet.com\/crypto\/markets\/cathie-wood-sells-fresh-wave-of-crypto-stocks-worth-2-57-million \"Cathie Wood sells fresh wave of crypto stocks worth $2.57 million\")\n\n[Cathie Wood sells fresh wave of crypto stocks worth \\$2.57 million](https:\/\/www.thestreet.com\/crypto\/markets\/cathie-wood-sells-fresh-wave-of-crypto-stocks-worth-2-57-million)\n\n[By Anand Sinha](https:\/\/www.thestreet.com\/crypto\/author\/anand-sinha)\n\n[![top-view-of-us-dollar-bills-are-stacked-global-fi-2022-07-19-01-25-30-utc](https:\/\/www.thestreet.com\/.image\/ar_16:9%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_620\/MTk5MzM4NzU0NzAyMzIxMDU0\/top-view-of-us-dollar-bills-are-stacked-global-fi-2022-07-19-01-25-30-utc.jpg)![Play](https:\/\/www.thestreet.com\/assets-global\/play-button-blk.svg?v=2026-03-31-152826-3e03e40-001357)](https:\/\/www.thestreet.com\/crypto\/markets\/nvidia-launch-sends-quantum-stock-surging-251-mints-billionaire \"Nvidia launch sends quantum stock surging 251%, mints billionaire\")\n\n[Nvidia launch sends quantum stock surging 251%, mints billionaire](https:\/\/www.thestreet.com\/crypto\/markets\/nvidia-launch-sends-quantum-stock-surging-251-mints-billionaire)\n\n[By Mehab Qureshi](https:\/\/www.thestreet.com\/crypto\/author\/mehab-qureshi)\n\n[![In this photo illustration, An app for Kalshi, an online prediction market site is shown.](https:\/\/www.thestreet.com\/.image\/ar_16:9%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_620\/MjIyNzM5ODgwMjU2NDgwNzA1\/kalshi-an-online-prediction-market-site.jpg)![Play](https:\/\/www.thestreet.com\/assets-global\/play-button-blk.svg?v=2026-03-31-152826-3e03e40-001357)](https:\/\/www.thestreet.com\/crypto\/markets\/billionaire-trader-says-prediction-markets-harm-young-men \"Billionaire trader says prediction markets 'harm young men'\")\n\n[Billionaire trader says prediction markets 'harm young men'](https:\/\/www.thestreet.com\/crypto\/markets\/billionaire-trader-says-prediction-markets-harm-young-men)\n\n[By Neo](https:\/\/www.thestreet.com\/crypto\/author\/neo)\n\nEver since their launch, as per CoinGecko, TRUMP coin has fallen by 88.3% while MELANIA coin has dropped by 98.4%. Meanwhile, WLFI,\n\n[![MELANIA meme coin has seen over 98% drop compared to its launch price (Source: CoinGecko)](https:\/\/www.thestreet.com\/.image\/t_share\/MjIxMjc3MTE5MzUzNzI2ODM4\/screenshot-2026-02-13-at-114121pm.png)](https:\/\/www.coingecko.com\/en\/coins\/melania-meme)\n\nMELANIA meme coin has seen over 98% drop compared to its launch price (Source: CoinGecko)\n\nHe also pointed to other celebrity-linked tokens, including one launched by former New York City Mayor [Eric Adams](https:\/\/www.thestreet.com\/crypto\/markets\/eric-adams-trump-style-memecoin-crashes-80-within-minutes) and the HAWK coin from internet personality Haliey Welch, as examples of short-lived hype followed by steep declines.\n\n### Popular on TheStreet Roundtable:\n- [**U.S. household debt hits \\$18.8T as missed payments surge**](https:\/\/www.thestreet.com\/crypto\/markets\/us-household-debt-hits-18-8t-as-missed-payments-surge)\n- [**Standard Chartered slashes 50% price target for Bitcoin**](https:\/\/www.thestreet.com\/crypto\/trading\/standard-chartered-slashes-50-price-target-for-bitcoin)\n- [**Gold, silver, S\\&P 500, crypto crash again amid extreme fear**](https:\/\/www.thestreet.com\/crypto\/markets\/gold-silver-sp-500-crypto-crash-again)\n## Meme coins scare traders away\nFor Gerber, the damage goes beyond individual tokens.\n\n[Bitcoin](http:\/\/thestreet.com\/crypto\/bitcoin)’s rallies have historically depended on new participants entering the market. But when retail investors lose money on meme coins, Gerber explained that many lose confidence in crypto altogether and make their exit.\n\n> **“It’s extremely difficult for Bitcoin to rally when investors are being scared away from crypto,”** he argued.\n\nGerber also believes the administration’s looser approach to [crypto regulation](https:\/\/www.thestreet.com\/crypto\/tag\/crypto-regulations) may be contributing to the perception of a less disciplined market environment. This potentially scares away more conservative investors.\n\n[![Construction crane with a Bitcoin sign](https:\/\/www.thestreet.com\/.image\/ar_16:9%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_640\/MjE5NjA5MTI1MDQ5MzQ1MDk0\/gettyimages-2225527733.jpg)](https:\/\/www.thestreet.com\/crypto\/trading\/136-year-old-investment-bank-predicts-next-bitcoin-crash)\n\n[136-year-old investment firm predicts next Bitcoin crash](https:\/\/www.thestreet.com\/crypto\/trading\/136-year-old-investment-bank-predicts-next-bitcoin-crash)\n\n[Read More](https:\/\/www.thestreet.com\/crypto\/trading\/136-year-old-investment-bank-predicts-next-bitcoin-crash)\n\n[![Construction crane with a Bitcoin sign](https:\/\/www.thestreet.com\/.image\/ar_16:9%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_640\/MjE5NjA5MTI1MDQ5MzQ1MDk0\/gettyimages-2225527733.jpg)](https:\/\/www.thestreet.com\/crypto\/trading\/136-year-old-investment-bank-predicts-next-bitcoin-crash)\n\n[136-year-old investment firm predicts next Bitcoin crash](https:\/\/www.thestreet.com\/crypto\/trading\/136-year-old-investment-bank-predicts-next-bitcoin-crash)\n\n[Read More](https:\/\/www.thestreet.com\/crypto\/trading\/136-year-old-investment-bank-predicts-next-bitcoin-crash)\n\nTags\n\nterms:\n\n[Memecoins](https:\/\/www.thestreet.com\/crypto\/tag\/memecoins)[Bitcoin Crash](https:\/\/www.thestreet.com\/crypto\/tag\/bitcoin-crash)[Trump Coin](https:\/\/www.thestreet.com\/crypto\/tag\/trump-coin)[Melania Trump](https:\/\/www.thestreet.com\/crypto\/tag\/melania-trump-1)[Ross Gerber](https:\/\/www.thestreet.com\/crypto\/tag\/ross-gerber)\n\n[![Pooja Rajkumari](https:\/\/www.thestreet.com\/.image\/c_fill%2Ccs_srgb%2Cg_face%2Ch_60%2Cq_auto:good%2Cw_60\/MjE4MzMwMDUxMzA3OTA2NjYy\/pooja-headshot.png)](https:\/\/www.thestreet.com\/crypto\/author\/pooja-rajkumari \"Pooja Rajkumari\")\n\nBy\n\n[Pooja Rajkumari](https:\/\/www.thestreet.com\/crypto\/author\/pooja-rajkumari)\n\nPooja Rajkumari is a Senior Reporter at TheStreet Crypto. Previously, she worked as a Copyeditor at Benzinga, where she focused on U.S. finance and the economy, as well as developing AI-driven editorial tools. To pitch her your ideas, drop an email at pooja@roundtable.io\n\n[Follow poojarajkumari\\_](https:\/\/twitter.com\/poojarajkumari_)\n\n##\n[![Cathie Wood, chief executive officer of Ark Investment Management LLC, during the Federal Reserve's Payments Innovation Conference in Washington, DC, US, on Tuesday, Oct. 21, 2025. The conference brings together industry experts to share perspectives on the evolving landscape of money and payments. Photographer: Aaron Schwartz\/Bloomberg via Getty Images](https:\/\/www.thestreet.com\/.image\/ar_8:10%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_620\/MjE4OTI3OTQ4ODczMzQ0NjE0\/cathie-wood.jpg)](https:\/\/www.thestreet.com\/crypto\/markets\/cathie-wood-sells-fresh-wave-of-crypto-stocks-worth-2-57-million \"Cathie Wood sells fresh wave of crypto stocks worth $2.57 million\")\n\n[MARKETS](https:\/\/www.thestreet.com\/crypto\/markets)\n\n[Cathie Wood sells fresh wave of crypto stocks worth \\$2.57 million](https:\/\/www.thestreet.com\/crypto\/markets\/cathie-wood-sells-fresh-wave-of-crypto-stocks-worth-2-57-million)\n\n[By Anand Sinha](https:\/\/www.thestreet.com\/crypto\/author\/anand-sinha)\n\n[![top-view-of-us-dollar-bills-are-stacked-global-fi-2022-07-19-01-25-30-utc](https:\/\/www.thestreet.com\/.image\/ar_8:10%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_620\/MTk5MzM4NzU0NzAyMzIxMDU0\/top-view-of-us-dollar-bills-are-stacked-global-fi-2022-07-19-01-25-30-utc.jpg)](https:\/\/www.thestreet.com\/crypto\/markets\/nvidia-launch-sends-quantum-stock-surging-251-mints-billionaire \"Nvidia launch sends quantum stock surging 251%, mints billionaire\")\n\n[MARKETS](https:\/\/www.thestreet.com\/crypto\/markets)\n\n[Nvidia launch sends quantum stock surging 251%, mints billionaire](https:\/\/www.thestreet.com\/crypto\/markets\/nvidia-launch-sends-quantum-stock-surging-251-mints-billionaire)\n\n[By Mehab Qureshi](https:\/\/www.thestreet.com\/crypto\/author\/mehab-qureshi)\n\n[![In this photo illustration, An app for Kalshi, an online prediction market site is shown.](https:\/\/www.thestreet.com\/.image\/ar_8:10%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_620\/MjIyNzM5ODgwMjU2NDgwNzA1\/kalshi-an-online-prediction-market-site.jpg)](https:\/\/www.thestreet.com\/crypto\/markets\/billionaire-trader-says-prediction-markets-harm-young-men \"Billionaire trader says prediction markets 'harm young men'\")\n\n[MARKETS](https:\/\/www.thestreet.com\/crypto\/markets)\n\n[Billionaire trader says prediction markets 'harm young men'](https:\/\/www.thestreet.com\/crypto\/markets\/billionaire-trader-says-prediction-markets-harm-young-men)\n\n[By Neo](https:\/\/www.thestreet.com\/crypto\/author\/neo)\n\n[![Shop closed](https:\/\/www.thestreet.com\/.image\/ar_8:10%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_620\/MjIwNzkwNDQwNzcxNzI0MzA3\/shop-closed.jpg)](https:\/\/www.thestreet.com\/crypto\/bankruptcy\/crypto-industry-hit-by-multiple-hacks-and-shutdowns-this-week \"Another crypto platform suspends operations\")\n\n[Bankruptcy News & Analysis](https:\/\/www.thestreet.com\/crypto\/bankruptcy)\n\n[Another crypto platform suspends operations](https:\/\/www.thestreet.com\/crypto\/bankruptcy\/crypto-industry-hit-by-multiple-hacks-and-shutdowns-this-week)\n\n[By Anand Sinha](https:\/\/www.thestreet.com\/crypto\/author\/anand-sinha)\n\n[![Brian Armstrong co-founder and chief executive officer of Coinbase](https:\/\/www.thestreet.com\/.image\/ar_8:10%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_620\/MjE4ODM5MTAzNDQ4Mjk1MDE0\/brian-armstrong-co-founder-and-chief-executive-officer-of-coinbase.jpg)](https:\/\/www.thestreet.com\/crypto\/markets\/analyst-with-72-success-rate-revamps-coinbase-price-target \"Analyst with 72% success rate revamps Coinbase price target\")\n\n[MARKETS](https:\/\/www.thestreet.com\/crypto\/markets)\n\n[Analyst with 72% success rate revamps Coinbase price target](https:\/\/www.thestreet.com\/crypto\/markets\/analyst-with-72-success-rate-revamps-coinbase-price-target)\n\n[By Pooja Rajkumari](https:\/\/www.thestreet.com\/crypto\/author\/pooja-rajkumari)\n\nLoading…\n\nSee More\n\n[![Bitcoin Magazine](https:\/\/www.thestreet.com\/.image\/c_fit%2Ccs_srgb%2Cq_auto:good%2Cw_700\/MTc3NTYzNDU2MjY4OTM2ODA4\/mtczmtmymzi4mdqwnjcwndq0.svg)](https:\/\/www.thestreet.com\/)\n\n**For advertising please contact sales@roundtable.io**\n\n© 2026\n\n- [Site Map](https:\/\/www.thestreet.com\/sitemap)\n- [Privacy Policy](https:\/\/thearenagroup.net\/privacy-policy\/)\n- [Terms of Use](https:\/\/thearenagroup.net\/terms-of-use\/)\n- [About Roundtable](https:\/\/roundtable.io\/page\/about)\n- [Crypto Jobslist](https:\/\/cryptojobslist.com\/companies\/thestreet-roundtable)\n- [Do Not Sell My Information \/ Privacy Settings]()\n\nCLOSE\n\nCLOSE\n\nCLOSE\n\nCLOSE","attrs_readable_markdown":"The investor points out memecoin frenzy and their impact on broader crypto market\n\n[Bitcoin](https:\/\/www.thestreet.com\/crypto\/bitcoin) (BTC) has been struggling to gain a foothold on its price for the past couple of months. At the time of writing, it was hovering near \\$69,000, a drop of nearly 44% since its peak of \\$124,000 in October 2025.\n\nBut according to popular investor and CEO of Gerber Kawasaki Wealth & Investment Management, Ross Gerber, the reason for this struggle may not be macro forces alone.\n\nInstead, he points to the explosion of celebrity-backed [meme coins](https:\/\/www.thestreet.com\/crypto\/tag\/memecoins) as a key driver of fading confidence.\n\n## Meme coin fatigue sets in\nGerber argues that the launch of [Donald Trump](https:\/\/www.thestreet.com\/crypto\/markets\/trumps-wealth-is-now-surprisingly-less-about-real-estate) and Melania Trump-themed meme coins around his second term's inauguration in January 2025, followed by a wave of celebrity-endorsed coins, has left retail investors burned and skeptical, Business Insider [reported](https:\/\/www.businessinsider.com\/bitcoin-donald-trump-meme-coins-crypto-market-investing-btc-wlfi-2026-2) on Feb. 13.\n\nFor him, meme coins either resemble rug pulls or collapse so quickly that investors are left with nothing but losses.\n\n[![TRUMP meme coin's price collapse ever since its launch (Source: CoinGecko)](https:\/\/www.thestreet.com\/.image\/t_share\/MjIxMjc3MTE5MzUzNzkyMzc0\/screenshot-2026-02-13-at-114132pm.png)](https:\/\/www.coingecko.com\/en\/coins\/official-trump)\n\nTRUMP meme coin's price collapse ever since its launch (Source: CoinGecko)\n\nGerber cited the sharp declines in [World Liberty Financial Coin](https:\/\/www.thestreet.com\/crypto\/trading\/trump-backed-stablecoin-quietly-overtakes-paypal-amid-binance-boost) (WLFI) and the Melania token (MELANIA), along with the Trump meme coin (TRUMP).\n\n> **“People dive in and buy this stuff because they buy into the fraud, basically, and then they get burned, and that money doesn’t come back,”** Gerber said.\n\nScroll to Continue\n\nRecommended Articles\n\nEver since their launch, as per CoinGecko, TRUMP coin has fallen by 88.3% while MELANIA coin has dropped by 98.4%. Meanwhile, WLFI,\n\n[![MELANIA meme coin has seen over 98% drop compared to its launch price (Source: CoinGecko)](https:\/\/www.thestreet.com\/.image\/t_share\/MjIxMjc3MTE5MzUzNzI2ODM4\/screenshot-2026-02-13-at-114121pm.png)](https:\/\/www.coingecko.com\/en\/coins\/melania-meme)\n\nMELANIA meme coin has seen over 98% drop compared to its launch price (Source: CoinGecko)\n\nHe also pointed to other celebrity-linked tokens, including one launched by former New York City Mayor [Eric Adams](https:\/\/www.thestreet.com\/crypto\/markets\/eric-adams-trump-style-memecoin-crashes-80-within-minutes) and the HAWK coin from internet personality Haliey Welch, as examples of short-lived hype followed by steep declines.\n\n### Popular on TheStreet Roundtable:\n- [**U.S. household debt hits \\$18.8T as missed payments surge**](https:\/\/www.thestreet.com\/crypto\/markets\/us-household-debt-hits-18-8t-as-missed-payments-surge)\n- [**Standard Chartered slashes 50% price target for Bitcoin**](https:\/\/www.thestreet.com\/crypto\/trading\/standard-chartered-slashes-50-price-target-for-bitcoin)\n- [**Gold, silver, S\\&P 500, crypto crash again amid extreme fear**](https:\/\/www.thestreet.com\/crypto\/markets\/gold-silver-sp-500-crypto-crash-again)\n## Meme coins scare traders away\nFor Gerber, the damage goes beyond individual tokens.\n\n[Bitcoin](http:\/\/thestreet.com\/crypto\/bitcoin)’s rallies have historically depended on new participants entering the market. But when retail investors lose money on meme coins, Gerber explained that many lose confidence in crypto altogether and make their exit.\n\n> **“It’s extremely difficult for Bitcoin to rally when investors are being scared away from crypto,”** he argued.\n\nGerber also believes the administration’s looser approach to [crypto regulation](https:\/\/www.thestreet.com\/crypto\/tag\/crypto-regulations) may be contributing to the perception of a less disciplined market environment. This potentially scares away more conservative investors.","meta_canonical":null}

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URL	https://www.thestreet.com/crypto/markets/tesla-bull-reveals-major-reason-for-crypto-crash
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Meta Title	Tesla bull reveals major reason for crypto crash - TheStreet Crypto: Bitcoin and cryptocurrency news, advice, analysis and more
Meta Description	The investor points out memecoin frenzy and their impact on broader crypto market
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Boilerpipe Text	The investor points out memecoin frenzy and their impact on broader crypto market Bitcoin (BTC) has been struggling to gain a foothold on its price for the past couple of months. At the time of writing, it was hovering near $69,000, a drop of nearly 44% since its peak of $124,000 in October 2025. But according to popular investor and CEO of Gerber Kawasaki Wealth & Investment Management, Ross Gerber, the reason for this struggle may not be macro forces alone. Instead, he points to the explosion of celebrity-backed meme coins as a key driver of fading confidence. Meme coin fatigue sets in Gerber argues that the launch of Donald Trump and Melania Trump-themed meme coins around his second term's inauguration in January 2025, followed by a wave of celebrity-endorsed coins, has left retail investors burned and skeptical, Business Insider reported on Feb. 13. For him, meme coins either resemble rug pulls or collapse so quickly that investors are left with nothing but losses. TRUMP meme coin's price collapse ever since its launch (Source: CoinGecko) Gerber cited the sharp declines in World Liberty Financial Coin (WLFI) and the Melania token (MELANIA), along with the Trump meme coin (TRUMP). “People dive in and buy this stuff because they buy into the fraud, basically, and then they get burned, and that money doesn’t come back,” Gerber said. Scroll to Continue Recommended Articles Ever since their launch, as per CoinGecko, TRUMP coin has fallen by 88.3% while MELANIA coin has dropped by 98.4%. Meanwhile, WLFI, MELANIA meme coin has seen over 98% drop compared to its launch price (Source: CoinGecko) He also pointed to other celebrity-linked tokens, including one launched by former New York City Mayor Eric Adams and the HAWK coin from internet personality Haliey Welch, as examples of short-lived hype followed by steep declines. Popular on TheStreet Roundtable: U.S. household debt hits $18.8T as missed payments surge Standard Chartered slashes 50% price target for Bitcoin Gold, silver, S&P 500, crypto crash again amid extreme fear Meme coins scare traders away For Gerber, the damage goes beyond individual tokens. Bitcoin ’s rallies have historically depended on new participants entering the market. But when retail investors lose money on meme coins, Gerber explained that many lose confidence in crypto altogether and make their exit. “It’s extremely difficult for Bitcoin to rally when investors are being scared away from crypto,” he argued. Gerber also believes the administration’s looser approach to crypto regulation may be contributing to the perception of a less disciplined market environment. This potentially scares away more conservative investors.
Markdown	[Skip to main content](https://www.thestreet.com/crypto/markets/tesla-bull-reveals-major-reason-for-crypto-crash#main-content) [![](https://www.thestreet.com/.image/MTk4MDE0NzI1NTM4MTk0NTkz/mtc0mdmzndmwnzaxnde4mduw.svg)](https://www.thestreet.com/) - [PREMIUM PRODUCTS]("PREMIUM PRODUCTS") [TheStreet Pro](https://pro.thestreet.com/ "TheStreet Pro")[Login](https://www.thestreet.com/login?targetUrl=https%3A%2F%2Fpro.thestreet.com%2F "Login") [Subscribe TSTPro](https://subscriptions.thestreet.com/get-thestreet-pro "Subscribe TSTPro") [Crypto Investor](https://www.thestreet.com/crypto/ "Crypto Investor")[Portfolio (AAP)](https://pro.thestreet.com/portfolio "Portfolio (AAP)")[Latest (All Real Money Pro Authors)](https://pro.thestreet.com/authors "Latest (All Real Money Pro Authors)")[Top Stocks](https://topstocks.thestreet.com/ "Top Stocks")[Doug's Daily Diary](https://pro.thestreet.com/dougs-daily-diary "Doug's Daily Diary")[Pro Column: Top Stocks](https://pro.thestreet.com/tag/top-stocks "Pro Column: Top Stocks")[Pro Column: Stocks Under \$10](https://pro.thestreet.com/tag/stocks-under-10 "Pro Column: Stocks Under $10")[What's New](https://subscriptions.thestreet.com/thestreet-pro-new "What's New") - 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[Home](https://www.thestreet.com/) - [Crypto](https://www.thestreet.com/crypto/) - [MARKETS](https://www.thestreet.com/crypto/markets "MARKETS") # Tesla bull reveals major reason for crypto crash The investor points out memecoin frenzy and their impact on broader crypto market - Author: [Pooja Rajkumari](https://www.thestreet.com/crypto/author/pooja-rajkumari) - Updated: Feb 13, 2026 2:46 PM EST Original: Feb 13, 2026 [Bitcoin](https://www.thestreet.com/crypto/bitcoin) (BTC) has been struggling to gain a foothold on its price for the past couple of months. At the time of writing, it was hovering near \$69,000, a drop of nearly 44% since its peak of \$124,000 in October 2025. But according to popular investor and CEO of Gerber Kawasaki Wealth & Investment Management, Ross Gerber, the reason for this struggle may not be macro forces alone. Instead, he points to the explosion of celebrity-backed [meme coins](https://www.thestreet.com/crypto/tag/memecoins) as a key driver of fading confidence. [![Dogecoin-Tesla](https://www.thestreet.com/.image/ar_16:9%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_640/MTk4NTA5NTkwODY2NDM3NTcx/dogecoin-tesla.jpg)](https://www.thestreet.com/crypto/markets/memecoin-mania-cools-as-trump-token-invites-greater-scrutiny-of-sector) [Memecoin mania cools, as Trump token invites greater scrutiny of the sector](https://www.thestreet.com/crypto/markets/memecoin-mania-cools-as-trump-token-invites-greater-scrutiny-of-sector) [Read More](https://www.thestreet.com/crypto/markets/memecoin-mania-cools-as-trump-token-invites-greater-scrutiny-of-sector) [![Dogecoin-Tesla](https://www.thestreet.com/.image/ar_16:9%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_640/MTk4NTA5NTkwODY2NDM3NTcx/dogecoin-tesla.jpg)](https://www.thestreet.com/crypto/markets/memecoin-mania-cools-as-trump-token-invites-greater-scrutiny-of-sector) [Memecoin mania cools, as Trump token invites greater scrutiny of the sector](https://www.thestreet.com/crypto/markets/memecoin-mania-cools-as-trump-token-invites-greater-scrutiny-of-sector) [Read More](https://www.thestreet.com/crypto/markets/memecoin-mania-cools-as-trump-token-invites-greater-scrutiny-of-sector) ## Meme coin fatigue sets in Gerber argues that the launch of [Donald Trump](https://www.thestreet.com/crypto/markets/trumps-wealth-is-now-surprisingly-less-about-real-estate) and Melania Trump-themed meme coins around his second term's inauguration in January 2025, followed by a wave of celebrity-endorsed coins, has left retail investors burned and skeptical, Business Insider [reported](https://www.businessinsider.com/bitcoin-donald-trump-meme-coins-crypto-market-investing-btc-wlfi-2026-2) on Feb. 13. For him, meme coins either resemble rug pulls or collapse so quickly that investors are left with nothing but losses. [![TRUMP meme coin's price collapse ever since its launch (Source: CoinGecko)](https://www.thestreet.com/.image/t_share/MjIxMjc3MTE5MzUzNzkyMzc0/screenshot-2026-02-13-at-114132pm.png)](https://www.coingecko.com/en/coins/official-trump) TRUMP meme coin's price collapse ever since its launch (Source: CoinGecko) Gerber cited the sharp declines in [World Liberty Financial Coin](https://www.thestreet.com/crypto/trading/trump-backed-stablecoin-quietly-overtakes-paypal-amid-binance-boost) (WLFI) and the Melania token (MELANIA), along with the Trump meme coin (TRUMP). > “People dive in and buy this stuff because they buy into the fraud, basically, and then they get burned, and that money doesn’t come back,” Gerber said. Scroll to Continue ## Recommended Articles [![Cathie Wood, chief executive officer of Ark Investment Management LLC, during the Federal Reserve's Payments Innovation Conference in Washington, DC, US, on Tuesday, Oct. 21, 2025. The conference brings together industry experts to share perspectives on the evolving landscape of money and payments. Photographer: Aaron Schwartz/Bloomberg via Getty Images](https://www.thestreet.com/.image/ar_16:9%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_620/MjE4OTI3OTQ4ODczMzQ0NjE0/cathie-wood.jpg)![Play](https://www.thestreet.com/assets-global/play-button-blk.svg?v=2026-03-31-152826-3e03e40-001357)](https://www.thestreet.com/crypto/markets/cathie-wood-sells-fresh-wave-of-crypto-stocks-worth-2-57-million "Cathie Wood sells fresh wave of crypto stocks worth $2.57 million") [Cathie Wood sells fresh wave of crypto stocks worth \$2.57 million](https://www.thestreet.com/crypto/markets/cathie-wood-sells-fresh-wave-of-crypto-stocks-worth-2-57-million) [By Anand Sinha](https://www.thestreet.com/crypto/author/anand-sinha) [![top-view-of-us-dollar-bills-are-stacked-global-fi-2022-07-19-01-25-30-utc](https://www.thestreet.com/.image/ar_16:9%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_620/MTk5MzM4NzU0NzAyMzIxMDU0/top-view-of-us-dollar-bills-are-stacked-global-fi-2022-07-19-01-25-30-utc.jpg)![Play](https://www.thestreet.com/assets-global/play-button-blk.svg?v=2026-03-31-152826-3e03e40-001357)](https://www.thestreet.com/crypto/markets/nvidia-launch-sends-quantum-stock-surging-251-mints-billionaire "Nvidia launch sends quantum stock surging 251%, mints billionaire") [Nvidia launch sends quantum stock surging 251%, mints billionaire](https://www.thestreet.com/crypto/markets/nvidia-launch-sends-quantum-stock-surging-251-mints-billionaire) [By Mehab Qureshi](https://www.thestreet.com/crypto/author/mehab-qureshi) [![In this photo illustration, An app for Kalshi, an online prediction market site is shown.](https://www.thestreet.com/.image/ar_16:9%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_620/MjIyNzM5ODgwMjU2NDgwNzA1/kalshi-an-online-prediction-market-site.jpg)![Play](https://www.thestreet.com/assets-global/play-button-blk.svg?v=2026-03-31-152826-3e03e40-001357)](https://www.thestreet.com/crypto/markets/billionaire-trader-says-prediction-markets-harm-young-men "Billionaire trader says prediction markets 'harm young men'") [Billionaire trader says prediction markets 'harm young men'](https://www.thestreet.com/crypto/markets/billionaire-trader-says-prediction-markets-harm-young-men) [By Neo](https://www.thestreet.com/crypto/author/neo) Ever since their launch, as per CoinGecko, TRUMP coin has fallen by 88.3% while MELANIA coin has dropped by 98.4%. Meanwhile, WLFI, [![MELANIA meme coin has seen over 98% drop compared to its launch price (Source: CoinGecko)](https://www.thestreet.com/.image/t_share/MjIxMjc3MTE5MzUzNzI2ODM4/screenshot-2026-02-13-at-114121pm.png)](https://www.coingecko.com/en/coins/melania-meme) MELANIA meme coin has seen over 98% drop compared to its launch price (Source: CoinGecko) He also pointed to other celebrity-linked tokens, including one launched by former New York City Mayor [Eric Adams](https://www.thestreet.com/crypto/markets/eric-adams-trump-style-memecoin-crashes-80-within-minutes) and the HAWK coin from internet personality Haliey Welch, as examples of short-lived hype followed by steep declines. ### Popular on TheStreet Roundtable: - [U.S. household debt hits \$18.8T as missed payments surge](https://www.thestreet.com/crypto/markets/us-household-debt-hits-18-8t-as-missed-payments-surge) - [Standard Chartered slashes 50% price target for Bitcoin](https://www.thestreet.com/crypto/trading/standard-chartered-slashes-50-price-target-for-bitcoin) - [Gold, silver, S\&P 500, crypto crash again amid extreme fear](https://www.thestreet.com/crypto/markets/gold-silver-sp-500-crypto-crash-again) ## Meme coins scare traders away For Gerber, the damage goes beyond individual tokens. [Bitcoin](http://thestreet.com/crypto/bitcoin)’s rallies have historically depended on new participants entering the market. But when retail investors lose money on meme coins, Gerber explained that many lose confidence in crypto altogether and make their exit. > “It’s extremely difficult for Bitcoin to rally when investors are being scared away from crypto,” he argued. Gerber also believes the administration’s looser approach to [crypto regulation](https://www.thestreet.com/crypto/tag/crypto-regulations) may be contributing to the perception of a less disciplined market environment. This potentially scares away more conservative investors. [![Construction crane with a Bitcoin sign](https://www.thestreet.com/.image/ar_16:9%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_640/MjE5NjA5MTI1MDQ5MzQ1MDk0/gettyimages-2225527733.jpg)](https://www.thestreet.com/crypto/trading/136-year-old-investment-bank-predicts-next-bitcoin-crash) [136-year-old investment firm predicts next Bitcoin crash](https://www.thestreet.com/crypto/trading/136-year-old-investment-bank-predicts-next-bitcoin-crash) [Read More](https://www.thestreet.com/crypto/trading/136-year-old-investment-bank-predicts-next-bitcoin-crash) [![Construction crane with a Bitcoin sign](https://www.thestreet.com/.image/ar_16:9%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_640/MjE5NjA5MTI1MDQ5MzQ1MDk0/gettyimages-2225527733.jpg)](https://www.thestreet.com/crypto/trading/136-year-old-investment-bank-predicts-next-bitcoin-crash) [136-year-old investment firm predicts next Bitcoin crash](https://www.thestreet.com/crypto/trading/136-year-old-investment-bank-predicts-next-bitcoin-crash) [Read More](https://www.thestreet.com/crypto/trading/136-year-old-investment-bank-predicts-next-bitcoin-crash) Tags terms: [Memecoins](https://www.thestreet.com/crypto/tag/memecoins)[Bitcoin Crash](https://www.thestreet.com/crypto/tag/bitcoin-crash)[Trump Coin](https://www.thestreet.com/crypto/tag/trump-coin)[Melania Trump](https://www.thestreet.com/crypto/tag/melania-trump-1)[Ross Gerber](https://www.thestreet.com/crypto/tag/ross-gerber) [![Pooja Rajkumari](https://www.thestreet.com/.image/c_fill%2Ccs_srgb%2Cg_face%2Ch_60%2Cq_auto:good%2Cw_60/MjE4MzMwMDUxMzA3OTA2NjYy/pooja-headshot.png)](https://www.thestreet.com/crypto/author/pooja-rajkumari "Pooja Rajkumari") By [Pooja Rajkumari](https://www.thestreet.com/crypto/author/pooja-rajkumari) Pooja Rajkumari is a Senior Reporter at TheStreet Crypto. Previously, she worked as a Copyeditor at Benzinga, where she focused on U.S. finance and the economy, as well as developing AI-driven editorial tools. To pitch her your ideas, drop an email at pooja@roundtable.io [Follow poojarajkumari\_](https://twitter.com/poojarajkumari_) ## [![Cathie Wood, chief executive officer of Ark Investment Management LLC, during the Federal Reserve's Payments Innovation Conference in Washington, DC, US, on Tuesday, Oct. 21, 2025. The conference brings together industry experts to share perspectives on the evolving landscape of money and payments. Photographer: Aaron Schwartz/Bloomberg via Getty Images](https://www.thestreet.com/.image/ar_8:10%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_620/MjE4OTI3OTQ4ODczMzQ0NjE0/cathie-wood.jpg)](https://www.thestreet.com/crypto/markets/cathie-wood-sells-fresh-wave-of-crypto-stocks-worth-2-57-million "Cathie Wood sells fresh wave of crypto stocks worth $2.57 million") [MARKETS](https://www.thestreet.com/crypto/markets) [Cathie Wood sells fresh wave of crypto stocks worth \$2.57 million](https://www.thestreet.com/crypto/markets/cathie-wood-sells-fresh-wave-of-crypto-stocks-worth-2-57-million) [By Anand Sinha](https://www.thestreet.com/crypto/author/anand-sinha) [![top-view-of-us-dollar-bills-are-stacked-global-fi-2022-07-19-01-25-30-utc](https://www.thestreet.com/.image/ar_8:10%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_620/MTk5MzM4NzU0NzAyMzIxMDU0/top-view-of-us-dollar-bills-are-stacked-global-fi-2022-07-19-01-25-30-utc.jpg)](https://www.thestreet.com/crypto/markets/nvidia-launch-sends-quantum-stock-surging-251-mints-billionaire "Nvidia launch sends quantum stock surging 251%, mints billionaire") [MARKETS](https://www.thestreet.com/crypto/markets) [Nvidia launch sends quantum stock surging 251%, mints billionaire](https://www.thestreet.com/crypto/markets/nvidia-launch-sends-quantum-stock-surging-251-mints-billionaire) [By Mehab Qureshi](https://www.thestreet.com/crypto/author/mehab-qureshi) [![In this photo illustration, An app for Kalshi, an online prediction market site is shown.](https://www.thestreet.com/.image/ar_8:10%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_620/MjIyNzM5ODgwMjU2NDgwNzA1/kalshi-an-online-prediction-market-site.jpg)](https://www.thestreet.com/crypto/markets/billionaire-trader-says-prediction-markets-harm-young-men "Billionaire trader says prediction markets 'harm young men'") [MARKETS](https://www.thestreet.com/crypto/markets) [Billionaire trader says prediction markets 'harm young men'](https://www.thestreet.com/crypto/markets/billionaire-trader-says-prediction-markets-harm-young-men) [By Neo](https://www.thestreet.com/crypto/author/neo) [![Shop closed](https://www.thestreet.com/.image/ar_8:10%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_620/MjIwNzkwNDQwNzcxNzI0MzA3/shop-closed.jpg)](https://www.thestreet.com/crypto/bankruptcy/crypto-industry-hit-by-multiple-hacks-and-shutdowns-this-week "Another crypto platform suspends operations") [Bankruptcy News & Analysis](https://www.thestreet.com/crypto/bankruptcy) [Another crypto platform suspends operations](https://www.thestreet.com/crypto/bankruptcy/crypto-industry-hit-by-multiple-hacks-and-shutdowns-this-week) [By Anand Sinha](https://www.thestreet.com/crypto/author/anand-sinha) [![Brian Armstrong co-founder and chief executive officer of Coinbase](https://www.thestreet.com/.image/ar_8:10%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_620/MjE4ODM5MTAzNDQ4Mjk1MDE0/brian-armstrong-co-founder-and-chief-executive-officer-of-coinbase.jpg)](https://www.thestreet.com/crypto/markets/analyst-with-72-success-rate-revamps-coinbase-price-target "Analyst with 72% success rate revamps Coinbase price target") [MARKETS](https://www.thestreet.com/crypto/markets) [Analyst with 72% success rate revamps Coinbase price target](https://www.thestreet.com/crypto/markets/analyst-with-72-success-rate-revamps-coinbase-price-target) [By Pooja Rajkumari](https://www.thestreet.com/crypto/author/pooja-rajkumari) Loading… See More [![Bitcoin Magazine](https://www.thestreet.com/.image/c_fit%2Ccs_srgb%2Cq_auto:good%2Cw_700/MTc3NTYzNDU2MjY4OTM2ODA4/mtczmtmymzi4mdqwnjcwndq0.svg)](https://www.thestreet.com/) For advertising please contact sales@roundtable.io © 2026 - [Site Map](https://www.thestreet.com/sitemap) - [Privacy Policy](https://thearenagroup.net/privacy-policy/) - [Terms of Use](https://thearenagroup.net/terms-of-use/) - [About Roundtable](https://roundtable.io/page/about) - [Crypto Jobslist](https://cryptojobslist.com/companies/thestreet-roundtable) - [Do Not Sell My Information / Privacy Settings]() CLOSE CLOSE CLOSE CLOSE
Readable Markdown	The investor points out memecoin frenzy and their impact on broader crypto market [Bitcoin](https://www.thestreet.com/crypto/bitcoin) (BTC) has been struggling to gain a foothold on its price for the past couple of months. At the time of writing, it was hovering near \$69,000, a drop of nearly 44% since its peak of \$124,000 in October 2025. But according to popular investor and CEO of Gerber Kawasaki Wealth & Investment Management, Ross Gerber, the reason for this struggle may not be macro forces alone. Instead, he points to the explosion of celebrity-backed [meme coins](https://www.thestreet.com/crypto/tag/memecoins) as a key driver of fading confidence. ## Meme coin fatigue sets in Gerber argues that the launch of [Donald Trump](https://www.thestreet.com/crypto/markets/trumps-wealth-is-now-surprisingly-less-about-real-estate) and Melania Trump-themed meme coins around his second term's inauguration in January 2025, followed by a wave of celebrity-endorsed coins, has left retail investors burned and skeptical, Business Insider [reported](https://www.businessinsider.com/bitcoin-donald-trump-meme-coins-crypto-market-investing-btc-wlfi-2026-2) on Feb. 13. For him, meme coins either resemble rug pulls or collapse so quickly that investors are left with nothing but losses. [![TRUMP meme coin's price collapse ever since its launch (Source: CoinGecko)](https://www.thestreet.com/.image/t_share/MjIxMjc3MTE5MzUzNzkyMzc0/screenshot-2026-02-13-at-114132pm.png)](https://www.coingecko.com/en/coins/official-trump) TRUMP meme coin's price collapse ever since its launch (Source: CoinGecko) Gerber cited the sharp declines in [World Liberty Financial Coin](https://www.thestreet.com/crypto/trading/trump-backed-stablecoin-quietly-overtakes-paypal-amid-binance-boost) (WLFI) and the Melania token (MELANIA), along with the Trump meme coin (TRUMP). > “People dive in and buy this stuff because they buy into the fraud, basically, and then they get burned, and that money doesn’t come back,” Gerber said. Scroll to Continue Recommended Articles Ever since their launch, as per CoinGecko, TRUMP coin has fallen by 88.3% while MELANIA coin has dropped by 98.4%. Meanwhile, WLFI, [![MELANIA meme coin has seen over 98% drop compared to its launch price (Source: CoinGecko)](https://www.thestreet.com/.image/t_share/MjIxMjc3MTE5MzUzNzI2ODM4/screenshot-2026-02-13-at-114121pm.png)](https://www.coingecko.com/en/coins/melania-meme) MELANIA meme coin has seen over 98% drop compared to its launch price (Source: CoinGecko) He also pointed to other celebrity-linked tokens, including one launched by former New York City Mayor [Eric Adams](https://www.thestreet.com/crypto/markets/eric-adams-trump-style-memecoin-crashes-80-within-minutes) and the HAWK coin from internet personality Haliey Welch, as examples of short-lived hype followed by steep declines. ### Popular on TheStreet Roundtable: - [U.S. household debt hits \$18.8T as missed payments surge](https://www.thestreet.com/crypto/markets/us-household-debt-hits-18-8t-as-missed-payments-surge) - [Standard Chartered slashes 50% price target for Bitcoin](https://www.thestreet.com/crypto/trading/standard-chartered-slashes-50-price-target-for-bitcoin) - [Gold, silver, S\&P 500, crypto crash again amid extreme fear](https://www.thestreet.com/crypto/markets/gold-silver-sp-500-crypto-crash-again) ## Meme coins scare traders away For Gerber, the damage goes beyond individual tokens. [Bitcoin](http://thestreet.com/crypto/bitcoin)’s rallies have historically depended on new participants entering the market. But when retail investors lose money on meme coins, Gerber explained that many lose confidence in crypto altogether and make their exit. > “It’s extremely difficult for Bitcoin to rally when investors are being scared away from crypto,” he argued. Gerber also believes the administration’s looser approach to [crypto regulation](https://www.thestreet.com/crypto/tag/crypto-regulations) may be contributing to the perception of a less disciplined market environment. This potentially scares away more conservative investors.
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