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2025-01-20 12:12:00
Ki Younger Ju, who’s the CEO of CryptoQuant, has stated that Donald Trump has set a brand new period for meme cash.
In a current submit on X, Ki famous how Trump’s launch of TRUMP capitalizes on the retail investing development that continues to dominate, turning speculative fervor right into a potent drive. With the arrival of the Official TRUMP (TRUMP) token, which launched on Jan. 18, Trump is shifting ahead with hypothesis on retail-driven crypto markets to safe income by leveraging his monumental fan base.
Retail buyers have all the time pumped cash into monetary market traits, and a long time of “investing within the S&P 500” is like investing in meme cash, Ki argued. Now, the retail investor performs the sport as hype-forming influencers are adopted, traits are replicated, and entrepreneurs are idolized, aided by platforms corresponding to Robinhood and crypto exchanges, which facilitate energetic participation. He says the Official Trump coin is the proper illustration of this story, which is closely aided by a military of Trump believers.
Versus conventional investments, Ki stated, the superstar meme cash — corresponding to TRUMP — doesn’t create direct worth. Their worth as a substitute comes from their energy of community-building. He stated Trump’s coin in all probability received’t tank till he pulls the rug from beneath along with his avid fan base. Many others inside the crypto neighborhood, nonetheless, imagine {that a} rug pull may not be within the playing cards for the Trump token which has a market cap of 45 billion, as per CoinMarketCap.
Ki additionally foresees an increase of different meme-influenced digital belongings within the decentralized crypto market. The professional-free-market strategy below Trump will imply little regulation. This implies dozens of meme coin communities can experiment their destiny over the following 4 years, till 2028. Nonetheless, Ki has cautioned that though these meme cash have the potential to advertise goodwill and innovation, they may be utilized by malicious teams. One such instance was seen within the case of the Hawk Tuah meme coin, which crashed 88% in 20 minutes in December.
