QCP Capital pointed out that the influence of TRUMP token could potentially be a catalyst for driving the expected altcoin season. The launch of TRUMP on SOL has proven to be an important endorsement for this chain, which may allow SOL ETF to gain approval earlier than expected.
With increased media exposure brought about by similar releases, retail capital inflow might continue unabated. The memecoin launched by Trump also attracted major institutions as it solidified the president's stance in supporting cryptocurrencies.