Although the Trump token has drawn considerable attention to the cryptography market, it has struggled to integrate new substantial capital. This is what emerges from the comparative analysis of Trump’s market capitalization in relation to the total value of the cryptography market.
The samecoin was launched with a significant impact last week, reaching a market capitalization of more than $ 10 billion on the first day, but has since fallen at around 5.3 billion dollars when writing this article. Meanwhile, the total market capitalization of all cryptocurrencies fluctuated around $ 3,500 billion, according to tradingView and Coindesk data.
“While $ Trump is now worth billion, total capitalization of the cryptography market has barely moved. And even if it is a really interesting title to say that 400,000 users have been integrated, Phantom was the number One for a while, and it feels like the whole “the world was paying attention to this token, I think what we really did is to attract a lot of attention,” said Garrison Yang, co-founder of the main international web game studio, Mirai Labs, in an email.
“Regarding the real liquidity and the capital that entered the token, very little (on the basis of the value) came from new people. Unfortunately, we ended up moving the burning silver ball. And you can see it , in particular in chain with alts on Solana, and the quantity of liquidity quickly transported to the Solana ecosystem, “added Yang.
A study carried out by Chainalysis last week showed that around 50 % of Trump and Melania tokens holders were probably new token buyers based on Solana.
