The $TRUMP memecoin, issued by Donald Trump, demonstrates the potential of celebrity-themed cryptocurrencies to accelerate the adoption of blockchain technology by the masses. Ryan Lee, lead analyst at Bitget Research, noted that the involvement of influential figures in the creation of tokens stimulates interest in blockchain and attracts new investments.
The debut of $TRUMP and $MELANIA tokens has generated considerable excitement in the market. The surge highlights the potential for celebrity-backed cryptocurrencies to generate speculative demand and attract liquidity As a result, such initiatives promote greater integration of blockchain into everyday life and raise awareness of new technologies among a wider audience, Li said.
According to Ryan Lee, the price of the TRUMP token is expected to fluctuate between $30 and $80, and MELANIA - between $4 and $15.
The $TRUMP memecoin was launched on January 18, 2025, and its value quickly grew in the first days, exceeding $55. The token's market cap reached $15 billion, and the fully diluted value (FDV) indicator exceeded $55 billion. However, by the evening of January 19, the memecoin rate had dropped by 40%.
Melania Trump also announced the launch of her own memecoin, $MELANIA, which quickly gained popularity. The token's market capitalization reached $1,7 billion, and the price fluctuated between $6,62 and $13,19 during the first hours of trading.
With the launch of $TRUMP, native token block Solana (SOL), which is required to pay commissions, also showed growth . Over the weekend, SOL approached $300, updating its historical maximum. However, by January 20, 2025, its rate corrected just below $270.
