TRUMP Coin A Magnet For Retain Investors? Here’s Why

US President Donald Trump Launched his precise ain meme coin TRUMP a mates of days earlier his inauguration. Just days aft helium was sworn in, the worth of his meme coin, which helium introduced connected January 17, surged from little than $10 to arsenic precocious arsenic $75.35, with a marketplace capitalization of astir $15 billion. Amidst this, the assemblage was looking deeper into the project. Several revelations took the beforehand stage. While immoderate were frowning astatine Trump’s 80% involvement successful the coin, a fewer others were highlighting the retail concern it has brought into the cryptocurrency industry.

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TRUMP Coin: A New Gateway For Investors?

Source: Bitcoinist

According to caller statistic presented by the salient steadfast Chainalysis, a staggering 50% of TRUMP and MELANIA holders antecedently haven’t purchased a Solana (SOL) based cryptocurrency. This highlights the occurrence of some these tokens successful bringing successful caller audiences to the Solana ecosystem. In summation to this, astir 47% of buyers reportedly created their wallets connected the precise aforesaid time they purchased the tokens. This further indicates the entreaty that TRUMP and MELANIA coins person had connected caller crypto users.

Source: X

This wasn’t all. After digging deeper into this statesmanlike ecosystem, it was recovered that 83.4% of holders held little than $1,000 worthy of Solana assets. This signifies the emergence of smaller retail investors alternatively than established whales successful the market. While newer assets pull accrued whale activity, TRUMP & MELANIA look to beryllium garnering much integrated growth.

Source: X

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How Is The Meme Coin Faring Now?

Source: CoinMarketCap

Throughout the past 7 days, TRUMP has surged by implicit 450%. Sadly, during the clip of writing, the meme coin was trading astatine a debased of $37.04. This was owed to a monolithic driblet of 13.39% implicit the past 24 hours. While the plus is presently connected a downtrend, the assemblage is definite that it volition reserve this inclination successful nary time.

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