
The recent launch of the $TRUMP token has generated notable activity in the cryptocurrency market. Within just one week, MoonPay reported that 750,000 new accounts were created as users engaged with the token. The token's introduction led to a remarkable 1,023% increase in first-time on-chain transactions, indicating a surge in user interest. While the $TRUMP token attracted new users, some analysts noted that these individuals did not necessarily become integrated into the broader crypto ecosystem. Nevertheless, the launch has been described as a significant onboarding event for retail investors, with increased liquidity entering the market. Additionally, the Dogelon token has seen a spike in trading volume, outperforming other memecoins on platforms like Uniswap, suggesting a potential resurgence in interest for meme-based cryptocurrencies following the $TRUMP launch.
With the most recent success of the Trump memecoin, I think more and new liquidity will flow into memes. $ELON is one of them that has been skyrocketing recently in price and volume. @DogelonMars was one of the largest memes of last cycle and I think a comeback is coming! https://t.co/HVaD4gG0ZJ
The $TRUMP launch has been a HUGE onboarding event for retail into crypto, first time many new users interacted with DEX's and CEX's. Lot of extra liquidity coming into the market. #Dogelon has the highest volume of any memecoin on Uniswap atm. Outperformers tend to stay…
TRUMP token attracted new users, but those users did not get onboarded to the crypto ecosystem as a whole https://t.co/9L2Zvnz0fd
