Aussie Analyst Says Trump Memecoin Launch Changed Crypto Forever
- Australian analyst Miles Deutscher sees Trump’s token as more significant than the 2017 ICO bubble, highlighting its potential to establish Solana as “America’s chain” while warning of possible market-wide liquidity drain.
- The token’s 24-hour trading volume reached US$6.3 billion, surpassing both Solana and Bitcoin, suggesting unprecedented market interest in politically-aligned cryptocurrencies.
- Research firm 10X Research classifies TRUMP as a fan token rather than a memecoin, pointing to potential utility through exclusive perks and suggesting it represents broader support for crypto-friendly policies.
You’d expect that Donald Trump is fairly busy these days, with his upcoming inauguration and…
