On the 23rd (local time), President Trump announced that he would invite 220 of the top TRUMP meme coin holders to dinner with him.
The Trump meme coin has received disappointing reviews in terms of early performance. It surged above $75 on its first day of launch, but the token surged more than 50% in a single day.
The excessive concentration of shares and short vesting period of Kun were revealed, and the company was forced to fall sharply. Currently, TRUMP's market capitalization is estimated to be about $2.6 billion, with 80% of the total being held by President Trump.
This is not easy to justify, considering that TRUMP is allocated to organizations related to President Trump. TRUMP has no real use and is more of a meme coin,
It still maintains a high trading volume and derivatives market share. It is listed on major exchanges such as Binance, Bybit, OKX, Coinbase, Upbit, and Kraken.
With the addition of the social media publicity from President Trump himself, the amount of unsettled contracts in the futures market has reached $700 million.
Analysts say it is difficult to create sustainable demand for meme coins. For the current price of $13.50 to be maintained, the token unlock structure will be required.
They say it is difficult to justify the current premium compared to projects with real utility and growth potential.
This is the analysis.
2025/04/25 13:43 KST
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