"TRUMP Token's Billion-Dollar Hype: Market Impact Limited Despite Popularity"

The TRUMP token, a billion-dollar cryptocurrency, has garnered significant attention in the market, but its impact on overall investment remains limited. Despite its valuation reaching several billion dollars, the overall cryptocurrency market capitalization has remained relatively stable. This observation was highlighted by Garrison Yang, co-founder of the Web3 gaming company Mirai Labs, who noted that while the Phantom app once dominated in download rankings, capturing widespread attention, this visibility did not significantly translate into liquidity or capital inflow for the token.

Yang emphasized that only a minimal fraction of the token’s value derives from new investors, suggesting a disconnect between popularity metrics and substantial financial engagement. This commentary underscores the challenges within the crypto sector, where market hype does not always correlate with genuine investment momentum. As the industry continues to evolve, distinguishing between fleeting trends and sustainable growth will be crucial for stakeholders navigating this volatile environment.

While the TRUMP token brought considerable attention to the crypto market, it struggled to onboard substantial new capital. The memecoin launched with significant impact last week, reaching a market cap of over $10 billion on its first day, but has since dropped to approximately $5.3 billion at the time of writing. Meanwhile, the total market cap of all cryptocurrencies has fluctuated around $3.5 trillion. Research by Chainalysis last week showed that roughly 50% of TRUMP and MELANIA token holders were likely first-time Solana-based token buyers.

Garrison Yang, co-founder of leading international Web3 gaming studio Mirai Labs, noted that while the TRUMP token attracted a large number of users, the actual liquidity and capital entering the token were minimal. Yang added that the hot ball of money was merely moved around, with little new capital entering the ecosystem. This observation highlights the importance of evaluating the substance behind market hype and the need for sustainable growth in the crypto sector.