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Trump Solana Meme Coin Trading Volume Has Collapsed Since Inauguration Day – Decrypt

Solana's President Donald Trump's Meme Coin Drop was the largest in the cryps just two weeks ago, but both recent prices and daily transactions have dropped significantly. And the rest Official playing card (Playing card) The holder, it may have grown “Tired of winning。 “

Trump's transactions are declining, despite the list of popular trading venues such as Robinhood, Binance, and Coinbase. MEME Coin looked at the $ 36 billion dollar, along with Trump's inauguration ceremony on January 20, but on Wednesday, daily marks decreased by 90 % to $ 3.5 billion.

Similarly, the price is depressed, and the coins are sitting on the current mark of $ 26.80. This has decreased by 64 % from the peak, remaining to the lowest price registered since Trump was inaugurated.

Incorporated exchanges often silence user funds throughout the wallet, so it is difficult to accurately grasp how Trump's distribution has changed in two weeks of history.

still, data From DEX, SCREENER shows a total of 691,300 unique chain trump holders as of Thursday. The night before Trump's inauguration ceremony, the numbers were 18 % higher, according to the dunes. DashboardIt suggests that one or 125,000 wallets have been cashed in five wallets.

After his debut, the Mie Coin, linked to Trump, punched a rocket into a market capitalization of $ 14.5 billion in less than 36 hours, punching his past encryption major. SHIBA inu Obviously easy. It quickly became the second largest Memcoin depending on the market capitalization, Dogecoin

Two days after the First Lady Melania Trump's Memcoin, the price of assets was 44 % in one hour, surprising the vulgar Trump market. Since then, the price of Trump Token has not been able to regain the previous peak $ 73.43, as some traders seem to be moving forward.

In the encryption area, Trump's Myers Coin was regarded as at least more important development. Trump brand NFT Or A Defi protocol He must be an advisor. Many beginners jumped into the Meme Coin Market for the first time, and many thought it was an on -boarding event.

The data shared by the blockchain analytics company chain Olyisis supports the theory. in post In X (formerly known as Twitter), the company stated that “these are most new retail buyers.” Approximately 50 % of the wallet holding Trump and First Lady's Memcoin has never purchased Sorana Altcoin before, but 46 % of buyers created a wallet on the day they purchased the token. , The chain analysis said.

Trump's transaction volume has been greatly cooled since the remarkable debut, but there are still many online and enthusiastic supporters.

For Truth Social, Trump's social media platform, one vocal user opposed the labeling of the president's Memcoin “Just Another 'Pump and Dump”. Discussion Instead, it should be regarded as “created history” and “the beginning of the golden age”.

The members of the platform have started a good start on Trump's debut. President's true social explanation advertised Memcoin. 45 minutes in front That X counter part. However, the delay promoted the initial skepticism theory between Twitter of the cryptographic whether coins were legal.

Some users of X in the heat of the moment Explained Release of playing cards as a large paradigm shift. Recently, other X users are watching the card chart, Refining A petition that transcends the age of the Crypto community: “Can the developer do what?”

At least, Trump Token has gained more usefulness from the president's own large -scale licensed product management. GetTrumpwatches.com, GetTrumpFragrance.com, and GetTrumpSneakers.com were one of the official products vendors on Thursday. I started accepting Trump for payment.

Andrew Hayward editing

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