While the Token Trump attracted considerable attention to the cryptocurrency market, it had difficulty incorporating substantial new capital. That is the conclusion of the comparative analysis of Trump market capitalization versus the total value of the encryption market.
The Memecoin was launched with a significant impact last week, reaching a market capitalization of more than 10 billion dollars on its first day, but since then it has fallen to approximately 5.3 billion dollars at the time of writing this article . Meanwhile, the total market capitalization of all cryptocurrencies has fluctuated around 3.5 billion dollars, according to TrainingView and Coindesk data.
“While $ Trump is now worth billions, the total capitalization of the cryptographic market has barely move Everything “The world was paying attention to this Token, I think what we really did was incorporate close attention,” Garrison Yang, co -founder of the International Leader Web3 Labs Games Study, said in an email.
“With regard to real liquidity and capital that entered the Token, very little (in terms of value) came from new people. Unfortunately, we end up moving the hot money of money. And this can be seen, especially in chain with Alternatives in Solana, and the amount of liquidity was quickly channeled to the Solana ecosystem, “Yang added.
The research carried out by Chainysis last week showed that approximately 50% of Trump tokens and Melania holders were probably so Solana tokens buyers for the first time.
