Analysis

Here’s What Gives TRUMP Memecoin Its Value, According to CryptoQuant CEO Ki Young Ju

Published

10 months ago

January 21, 2025

The CEO of digital asset analytics firm CryptoQuant outlines what offers President Donald Trump’s newly launched memecoin worth.

The Official Trump (TRUMP) memecoin launched on Friday and shortly rose in worth to turn into a top-30 crypto asset by market cap.

The asset is buying and selling at $40.47 on the time of writing and is down nearly 40% within the final 24 hours, however is up greater than 518% since Friday. It already has a market capitalization of greater than $8.1 billion.

CryptoQuant CEO Ki Younger Ju say Retailers suppose the monetary markets are all about following tendencies and ‘chasing memes’.

“What offers Trump’s meme coin its worth? In contrast to conventional securities, which pool investments for productive actions, superstar meme cash don’t instantly create worth. As a substitute, Trump will possible use his coin holders as a robust group base for collective motion. For those who’re contemplating investing in Trump Coin, crucial query is how a lot affect his group will acquire throughout his presidency. The worth of the foreign money relies upon completely on what Trump does. Together with his fervent fan base, Trump’s meme coin is unlikely to ever go to zero — except he intentionally pulls the rug.”

Younger Ju says the worth of a memecoin is dependent upon whether or not the related group acts in a means that advantages society.

“A group with good will might flip a meme coin right into a worthwhile asset. However however, it will be terrifying if a cult or terrorist group had been to make use of a meme coin to construct an enormous following.”

The director of CryptoQuant additionally predicts that extra memecoins might be launched beneath the Trump administration.

READ Time to Buy XRP? Expert Reveals Key Insights

“The Trump administration has embraced free markets over regulated markets, and over the following 4 years we’ll possible see all types of experimentation with meme-driven communities within the crypto area. This wave can’t be stopped – at the least till 2028.”

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