Trump and Melania memecoins attract first-time investors — Survey
A recent survey indicated that many buyers of the Official Trump (TRUMP) and Official Melania (MELANIA) memecoins were first-time cryptocurrency investors, suggesting these tokens are driving broader crypto adoption in the US. Conducted on January 20, the survey revealed that 14% of participants had purchased the TRUMP memecoin, with 42% of those being new to cryptocurrency. Ben Zhou, co-founder of Bybit, claimed this marks a shift towards greater cryptocurrency acceptance, and expects growth in Web3 and decentralized finance. On the other hand, several respondents expressed concerns about the long-term implications of politically-driven tokens, with 75% believing that the TRUMP token could harm the crypto market. Many indicated that the Trumps might be influencing market manipulation, raising questions about the integrity and stability of the cryptocurrency sector.
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