In simpler terms, according to Ki Young Ju (CEO of CryptoQuant), Donald Trump’s involvement could mark a fresh chapter in the world of meme coins.
In a recent post on X, Ki pointed out that Trump’s introduction of TRUMP Capital takes advantage of the ongoing trend in retail investing, channeling speculative enthusiasm into a powerful tool. The debut of the Official TRUMP token (TRUMP) on January 18 signals Trump’s entry into the speculation game within the crypto markets driven by retail investors, aiming to generate profits by utilizing his massive fan base as leverage.
In a groundbreaking shift, Trump ushered in an epoch where meme-based cryptocurrencies took center stage among retail investors. After all, capitalizing on trends has long been part of their modus operandi. The advice to invest in the S&P 500 for pensions, a mantra that echoed through decades, was simply one such trend they followed.
— Ki Young Ju (@ki_young_ju) January 20, 2025
Retail investors have historically injected funds into financial market trends, and investing in the S&P 500 for decades can be likened to buying meme coins, according to Ki’s perspective. Nowadays, retail investors engage in the game by following trend-setting influencers, duplicating trends, and admiring entrepreneurs, all made possible by platforms like Robinhood and crypto exchanges that promote active involvement. Ki suggests that the Official Trump coin serves as an illustrative example of this narrative, which is significantly boosted by a legion of Trump supporters.
Unlike conventional investments, Ki pointed out that celebrity meme coins, such as TRUMP, don’t generate inherent value. Instead, their worth stems from their ability to foster communities. He suggested that Trump’s coin might not experience a crash until its creator, Donald Trump, decides to withdraw support from it, given his dedicated fan base. However, some individuals in the crypto community argue that a “rug pull” – a sudden withdrawal of support leading to a coin’s collapse – may not be an issue for the Trump token, which currently has a market capitalization of approximately 45 billion dollars, according to CoinMarketCap.
1. I’m not convinced he’ll pull out – I have faith in the reliability of the information provided.
2. This is a bit distinct from peddling a headband.
3. These items are much more easily traded than physical goods, with a lot more inside information available.
4. I can only hope they were astute in their decision-making.
— Zack Guzmán (@zGuz) January 18, 2025
MK similarly anticipates an increase of additional meme-based cryptocurrencies within the decentralized marketplace. With a laissez-faire economic stance under Trump’s administration, regulatory oversight will likely be minimal over the next four years, extending to 2028. While this freedom allows numerous meme coin communities to explore their destiny, MK has warned that these meme coins, though capable of fostering goodwill and progress, could potentially fall into the hands of malicious entities. A case in point is the Hawk Tuah meme coin, which plummeted 88% within just 20 minutes in December.
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2025-01-20 15:20