TRUMP Token Gains Attention but Fails to Boost Crypto Market Capital
- The TRUMP token’s market cap peaked at over $10 billion on its launch day.
- Current TRUMP market cap is approximately $5.3 billion.
- Total cryptocurrency market cap remains around $3.5 trillion.
- 400,000 users reportedly onboarded during TRUMP token’s rise.
- 50% of TRUMP and MELANIA token holders are new Solana-based buyers.
The TRUMP token initially reached a market cap exceeding $10 billion but has since decreased to about $5.3 billion, while the overall crypto market cap stayed near $3.5 trillion. Despite onboarding attention, actual new capital influx was minimal.
Source (2.6)https://www.coindesk.com/markets/2025/01/27/trump-memecoin-draws-eyes-but-leaves-crypto-market-without-fresh-investment-web3-expert?rand=52298
