Donald Trump Memecoin Kicks Off Altcoin Season By 2028, CryptoQuant CEO Reveals.
The Memecoin industry, led by Dogecoin (DOGE) and Shiba Inu (SHIB), has seen a sharp increase in average daily trading volume following the strategic launch of the Donald Trump and Melania Trump memecoin projects.
According to the latest market data, Memcoin’s average 24-hour trading volume surged more than 118% on Monday, January 20, early in the New York session, reaching approximately $80 billion.
TRUMP and MELANIA The high liquidity of memecoin has led to more mainstream investors participating in the cryptocurrency industry. On the Solana (SOL) network1Several DeFi protocols led by Phantom wallets have reported massive outages and spikes in fees due to massive transaction congestion.
Memecoin Outlook Under Trump Administration
Donald Trump’s historic victory in last year’s election led to heightened levels of FOMO trading in the cryptocurrency industry, especially in Memecoins. According to Joo Ki-young, founder and CEO of CryptoQuant, the memecoin industry will grow tremendously under the Trump administration as the decentralized cryptocurrency market remains a global financial meeting point in the coming years.
“Whether we like it or not, let’s just acknowledge it and prepare for the next wave,” Joo said.
The combination of Trump and tech billionaire Elon Musk, who is a strong supporter of Dogecoin, is likely to trigger massive cryptocurrency inflows in the near future. Additionally, the Musk-backed X platform has obtained remittance licenses in more than 30 U.S. states ahead of the launch of
However, Ju warned memecoin traders about potential problems that could arise, especially with celebrity memes. The low fundamentals of most memecoin projects mean that investors should conduct thorough research before joining the memecoin community.
“If celebrity coin issuers avoid tyranny and take responsibility for sales, it is not as harmful as you might think. Even Bitcoin initially had a significant portion of pyramid scheme promoters selling it to elderly investors,” Ju added.