- The launch signals hope for U.S. crypto builders after Biden-era crackdowns.
- Analysts see a potential altcoin rally on growing investors’ risk appetite.
The debut of the $Trump meme coin could potentially mark a critical shift within the U.S. crypto regulation, as Bernstein analysts noted.
The $Trump token was introduced on January 17, 2025, on the Solana blockchain. According to Bernstein analysts, $Trump signals an era where the government may embrace crypto as a credible tool to engage directly with the public. They view this launch as giving a green light for U.S. crypto developers following the Biden administration’s stern industry crackdowns.
“Whichever way you see it we think a new chaotic crypto era is here. The President of America has his own coin. Our view would be to view the event as a signal that a new crypto regulatory era is here to stay and invest in the more valuable parts of the ecosystem. But some may still cringe – it is what it is,” Bernstein analysts acclaimed in a note.
The Trump meme coin is now available on major exchanges like Binance and Coinbase.
See Related: Metaverse Memecoin Tamadoge Raises $1 Million Midway Through Its Beta Sale
A Pivotal Moment For The Crypto Industry
Anndy Lian, an intergovernmental blockchain expert, says Trump’s memecoin launch represents a pivotal crypto moment. He expects the frenzy to usher in “a new era for meme coins and altcoins.” He said:
“It’s fascinating to consider this as a revival of the ICO craze, amplified by significant market capital and global influence. This isn’t just another token launch; it’s backed by the kind of coordinated financial groups and celebrity endorsement that can drive market caps into the billions, showcasing a scale and impact not seen before in the memecoin sector.”
Lian’s sentiments are shared by Ki Young Ju, the founder and CEO of CryptoQuant, who sees more memecoin investing. Other analysts expect investment rotation into meme coins and altcoins amid increased investor risk appetite.
Despite launching strongly, Trump’s coin shed up to 40% of gains on January 20. At the time of this writing, the token was trading at around $40.80 after losing nearly half of the gains. Some analysts accused the U.S. president of orchestrating a “pump and dump” scheme, terming it negative for crypto.
