Peter Schiff’s Old Joke Becomes 2025’s New Hype

An X post of May 2017 by the BoltzCrypto returned attention to $USACOIN saying that it was the latest entry to his USD1 folio. The trader applauded the story of the coin, associating it with the Trump and Elon Musk memes in addition to the symbolic origins of the token in the one-year-old satire of Peter Schiff. It was a fairly popular post and soon became widely disseminated in the Solana meme-coin communities.

Meme Coin in Crypto Critic Sarcasm

One of the tokens is $USACOIN, as various tokens are based on economist Peter Schiff, one of the most outspoken critics of Bitcoin. In December 2024, Schiff satirized the US having a Bitcoin reserve by proposing an alternative: USAcoin, limited to 21 million and supported by patriotism rather than cryptography.

The picture in the current $USACOIN marketing campaign is a reflection of the initial satire of Schiff. It depicts Trump on one side of a golden coin and Elon Musk on the other, encircled by the American symbolism. Those combinations now serve as fuel to a story. Meme traders consider Trump to be the political head of the crypto wave of 2025 and Musk the cultural catalyst that pushes any digital asset by mentioning it once. They both render credibility to $USACOIN instant meme.

Token Living on Solana

USACOIN is based on Solana and takes advantage of the high-speed meme ecosystem of the chain. The token is also pegged to USD1, a Solana-based stablecoin pegged to the World Liberty Financial movement that was popular among the Trump-linked crypto circles. Such association provides $USACOIN with an anchor within a larger political- crypto story, which traders are fond of pursuing.

High liquidity Leads to Market Surges

The price of the token was volatile and wildly fluctuated within a brief period today as meme traders swapped between low-volume trades. The market cap is estimated to be between 400K and almost 800K, depending on the snapshot. There is still liquidity and trading volume is volatile as is typical of new Solana memes. The numbers of holders are still in the low thousands, but the activity is picking up as more of the older accounts mention the original joke by Schiff.

The popularity of Peter’s USACOIN today can be seen as classic Solana meme behavior. Others like it to the previous patriotic tokens which brought colossal returns and then reversed. Others are just on board because it is ironic how a coin conceived out of Bitcoin critics has turned into one fueled by Trumpian internet society. The utility is the story alone to many participants. It is also riding the 2025 trend of political meme coins.