Hackers targeted World Liberty Financial co-founder Zach Witkoff, using his X account to promote a fake meme coin based on Barron Trump. Moderators quickly removed the post, but BARRON’s price has yet to decline.

Political meme coin scams are tearing through the crypto community, and they’re getting more brazen. A fresh supply of gullible victims is strongly incentivizing naked robbery.

BARRON Meme Coin Hasn’t Fallen Yet

Since Donald Trump launched his TRUMP meme coin, the industry has taken a dark turn. Crypto scams have entered a golden age, with scammers stealing $857 million off TRUMP in the first week of his Presidency. Today, hackers compromised WLFI co-founder Zach Witkoff’s social media account and briefly used it to promote a fake BARRON meme coin.

“Account was hacked. Thanks to X and James Musk [Elon’s cousin] for hopping on this quickly. You guys are the best!” Witkoff claimed.

Needless to say, the meme coin had absolutely nothing to do with the President’s son, Barron Trump. However, his daughter also had to deny all association with an IVANKA meme coin, but that scam still proved profitable.

After moderators removed the post and Witkoff warned investors, the asset’s price didn’t even fall from its spike. BARRON and other Trump family fake meme coins are just the tip of the iceberg.

A wave of scam political-themed meme coins is tearing its way through the crypto space, and luminaries like Vitalik Buterin feel powerless to stop it.

There are plenty of examples of this worrying trend. In January, scammers falsely associated an XRP wallet with the US Treasury, but it’s unclear how much money it actually made.

Most recently, the X accounts of two former heads of state, a Brazilian President and a Malaysian Prime Minister, were hacked to promote fake meme coins. Both scams earned over $1 million.

In short, the crypto space should brace for a lot more fake meme coins like BARRON in the future. A survey claimed that 40% of TRUMP investors were total newcomers to the space, and scammers are fully exploiting this trend.

It’s difficult to say how the current meme coin craze will continue to unfold. The most challenging aspect is that users often know these tokens are scams but still intentionally trade them to try their luck. This speculative trading practice is almost becoming similar to gambling, and it’s impacting the industry’s credibility.

Berachain (BERA) price has struggled to maintain its initial valuation, quickly dropping from $15 just hours after launch. Like many new L1 and L2 chains, it now faces the challenge of proving its long-term value beyond the early hype.

While its indicators currently suggest weak market momentum, some analysts remain optimistic about its strong community and developer activity. With key resistance and support levels in play, the next moves for BERA will be crucial in determining whether it can recover lost ground or face continued downward pressure.

Can BERA Avoid the Fate of Other Struggling Chains?

Berachain price quickly dropped from $15 just hours after launch, raising concerns about its ability to maintain momentum. Like many new chains, it now needs to prove its value after its airdrop.

Many recent L1 and L2 launches, including Starknet, Mode, Blast, zkSync, Scroll, and Dymension, have struggled to hold their prices. Hyperliquid is a rare exception, with strong revenue and a 19% price increase in the last 30 days.

Users have been pointing out some concerns about the project, with X user Ericonomic saying one of its biggest concerns is related to BERA private investors:

“Berachain sold more than 35% of its token supply to private investors (I thought it was just 20%), with the seed round sold at $50M FDV, the second round at $420M FDV, and the last one at $1.5B FDV. These are a lot of tokens. Most projects sell 20% of their supply privately and I already think that’s too much and causes a lot of harm to the project. This number of tokens sold, plus its long vesting, creates permanent sell pressure until all of them are vested, which usually leads to down-only charts in projects that launch at multiples FDV (aka high FDV, low float),” Ericonomic wrote on X (formerly Twitter).

He also points out that one of the Berachain founders is selling its tokens.

“The cofounder is selling tokens from one of his doxxed addresses. He got around 200k BERA from the airdrop (this is a really bad thing since he—or the core—designed the airdrop) and then he swapped some of those tokens for WBTC, ETH, BYUSD, etc,” Ericonomic wrote.

BERA Indicators Suggest a Weak Market Momentum

BERA DMI chart shows a weakening trend, with the ADX dropping from 35 to 25.4, indicating that trend strength is fading. The +DI at 21.3 and -DI at 20 suggests a near-balance between buyers and sellers, meaning no clear directional momentum.

If the ADX continues to decline, it could signal choppy price action rather than a strong move in either direction. A resurgence in either +DI or -DI could clarify the next trend.

BERA’s BBTrend turning positive after a prolonged negative period suggests a shift in market sentiment, but the recent decline hints at potential exhaustion.

After hitting a high of 9.1 yesterday, the indicator’s downturn could mean bullish momentum is slowing. If it continues falling, BERA might struggle to sustain its recovery and could enter a consolidation or retracement phase.

Both indicators suggest BERA is at a critical point, with fading momentum and uncertainty about its next move. If buying pressure strengthens, it could push higher, but if weakness persists, a reversal or sideways action becomes more likely.

The coming sessions will be key in determining whether the recent positive shift can hold.

BERA Price Prediction: Can BERA Recover $7 Levels?

BERA’s EMA lines indicate a lack of clear direction, with price movement depending on whether momentum builds. A push upward could lead to a test of the $6.3 resistance, with potential for a further rise to $7.2 if broken.

However, if selling pressure increases, BERA could drop toward $4.7. So far, early price action has been weak, and indicators don’t yet show strong bullish signals.

Despite this, Berachain has strong community support. If its Proof-of-Liquidity (PoL) is implemented, which has almost been the project’s biggest selling point, it could bring fresh buyers into the market.

As of now, BERA is looking quite bearish.

According to the latest CPI data, US inflation hit 3% year-over-year on February 12, 2025, while core inflation reached 3.3%. The report beat expectations, and crypto investors are already reacting negatively. 

The overall crypto market cap fell by 5% today, and Bitcoin slipped below $95,000.

Soaring Inflation Can Hurt Crypto Market’s Momentum

This inflation marks the highest level since June 2024. Market players worry that the Fed might tighten policy sooner than expected. They favor safer assets over riskier ones like crypto. Short-term volatility in crypto looks likely as traders adjust positions.

Investors watch the situation closely. Some may exit crypto for less volatile investments. This shift could lead to more price swings. Analysts expect the market to remain unsettled until the Fed offers clear signals.

Yesterday, Fed Chairman Jerome Powell told a Senate Banking Committee that he is not in a hurry to cut interest rates. President Trump pressed for bigger rate cuts to counter high inflation. Powell, however, held firm on his stance.

Market participants now brace for further adjustments as they await additional policy updates.

“A bit of reverse wealth effect may be the top factor to alleviate inflation, which means highly speculative crypto’s at the forefront. The US stock market added about $12 trillion of market capitalization in 2024 – the most ever and about 40% of GDP. It may be silly to expect inflation to drop until risks assets do, with the stock market cap stretched to over 2x GDP – the most in about a century,” wrote analyst Mike McGlone.

The market was already reeling from Trump’s earlier tariffs on Canada, Mexico, and China. The potential of a trade war and macroeconomic factors triggered a $2 billion liquidation in the crypto market on February 3. 

Some reports suggested that liquidations were more than $10 billion, exceeding the 2022 levels during the FTX collapse. 

However, the market has since rebounded to some extent after tariffs against Canada and Mexico were paused for a month. Today’s inflation data might have a broader effect on the short-term bearish sentiment. 

Since today’s CPI announcement, Bitcoin’s Fear and Greed index has dropped to ‘Fear.’ Many analysts, including Arthur Hayes, recently predicted that BTC might drop to $70,000 given the current uncertain macroeconomic conditions. 

Yet, long-term predictions are still bullish. Most analysts project that the asset will likely surge to new all-time highs before the end of the year.