The official Trump (Trump) increased 52 percent with US President Donald Trump on April 23 after a monopoly dinner for the best token holders. For some encryption advocates, this represents the end of the bear market, especially Bitcoin (BTC), over $ 93,000.
From a purely performance of performance, the official Trump (Trump) memo was disappointed. After more than $ 75 on the launch of the launch, the profit disappeared as investors found high concentrations of tokens and short -term investment periods.
At first sight, Trump’s current market cap is difficult to justify the market cap of $ 2.6 billion.
For comparison, well -established projects such as Arbitrum (Arb), Jupiter (JUP) and Maker (MKR) have less than $ 1.6 billion in capital. These token evaluations are derived from repurchase using the financial reserves or the direct benefits of staying and defect mechanisms. For example, Arbitrum, a major Ether Leeum Layer -2 scaling solution, has $ 2.4 billion in total value lock (tvL).
According to Defillama data, Solana’s leading distributed exchange (DEX) Jupiter has a $ 2.3 billion deposit and has a $ 76.6 million commission over the last 30 days. Meanwhile, SKY (former Maker), a project behind the very successful Dai Stablecoin, has a $ 5.9 billion TVL and a 30 -day commission of $ 28.6 million.
Trump was still in the top 10 with trading activities.
It has been listed on major exchanges, including Binance, BYBIT, OKX, Coinbase, Upbit, and Krake, and often Trump is promoted by social media, and Memecoin has an impressive share in the derivative market. In particular, the future interest is $ 700 million, which is 10th overall.
Established projects with market capitalization of more than $ 6 billion in market caps, such as ChainLink (Link), Litecoin (LTC) and Polkadot (DOT), are interested in openings with smaller gifts than Trump. Nevertheless, the demand for the futures market can allow large traders to participate in action, but for a long time (buyer) and shorts (sellers) do not suggest optimism that always matches.
Trump is currently trading 84%from a record 6%, but remains a teenage token in terms of volume. According to Coingecko data, only four cryptocurrencies have actually transferred Trump’s impressive $ 384 billion for 24 hours, except for Stablecoins.
Despite the large -scale trading activities, a single promotion event with US President Trump does not generate continuous demand for Trump Memoin and is likely to check the $ 13.50 price tag. Unless the project does not ease investors’ concerns about unlocking tokens, there are few ways to justify 50% premium cryptocurrency that provides usefulness and growth.
SHIBA INU (SHIB), another meme without actual utility, is currently trading at a market cap of $ 8 billion, so the token that the US president officially support is much more valuable, and it is aimed for more than $ 30 of Trump.
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