In a turn of events that could only be half-believed were it not the age we live in, former United States President, Donald Trump, has delved into the notorious memecoin market. This unlikely endeavor spirited Google search interests for the term “crypto” to heights unseen since the fateful year of 2021.
On a chilly January 18th, Trump, just days prior to his grand inauguration, heralded the inception of his official memecoin. The world was shaken further when First Lady Melania Trump followed suit, bestowing upon her admirers the Melania Meme (MELANIA). In the early bloom, both crypto tokens flourished, yet ultimately dwindled, their value departing swifter than Trump’s former cabinet. 😜
Google Trends, always a giver of bad news, laid bare the escalation in search queries for “crypto” post-Trump’s memecoin debut. A fervor unseen since November 2021, a time when Bitcoin dizzied the world, reaching beyond $67,000.
The parallel surfacing interest in key terms such as “memecoin,” “buy crypto” and “Solana,” spoke volumes of the public’s insatiable curiosity triggered by the Trump phenomenon.
Trump’s Memecoin: A Ripple in the Crypto Pond
Not resting content at merely dominating searches, Trump’s memecoin incited a craze for crypto applications. By January 22nd, apps catering to crypto managed to reign supreme over Apple’s App Store U.S. finance category. Titans like Crypto.com, Moonshot, and Coinbase sat atop the hierarchy. 📱
Even beyond, contenders such as Coinbase Wallet, Robinhood, Binance.US, DEX Screener, and Kraken found refuge amongst the top 30 free apps, a testament to the Trumpian ripple effect. 🌊
A stroke of wonderment or folly, Trump’s memecoin indirectly drove new Solana addresses to an unprecedented peak. Data from Copper.co showcased an inundation of fresh Solana addresses, soaring close to nine million preceding Trump’s inauguration. 🪙
The memecoin awakening did not merely enchant existing aficionados but also entranced novice investors. On January 20th, a poll revealed that 42% of Trump memecoin acolytes had their crypto baptism through this very venture. 🚀
Trump’s Memecoin: A Double-Edged Sword
Yet as with all great tales, there lies a shadow. While some hailed the memecoin frenzy as a beacon for crypto, others admonished the lurking dangers. Crypto sleuth Coffeezilla opined that the memecoin debut “should be a crime.” 🕵️
California Representative Maxine Waters, always one to sound the alarm, cautioned her peers of the potential perils Trump’s memecoin might pose to national security. 😱
Graver still, the memecoin plummet— a steep 53% drop from its zenith— left many with empty pockets and regret-filled heartaches. Community outcries spoke of millions swept away like castles in the sand.
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2025-01-27 15:16