U.S. President Donald Trump’s new memecoin, TRUMP, has stirred significant market activity, especially after announcing an exclusive dinner for the top 220 token holders, with 25 receiving a meet-and-greet with him. This resulted in a 60% price surge and a spike in on-chain transfers, reaching $2.3 billion in a day. Smaller wallets, particularly those holding under $10,000, dominated the transactions. TRUMP’s trading volume surpassed other memecoins, capturing nearly 50% of the market share. Meanwhile, Bitcoin shows sustained dominance and investor confidence, potentially signaling a structural shift toward its status as a safe haven asset amidst growing adoption.
Trump’s Table Turn. – Kaiko
