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B3bit

01/23 12:57

$TRUMP Meme Coin Crash Good News for Crypto Indust

$TRUMP Meme Coin Crash Good News for Crypto IndustryBNC-Jan-22-12-800x772.jpg

$TRUMP – a meme coin launched to celebrate Trump’s inauguration was the talk of the markets last week. But is it a net good or bad for the industry in general? Opinions are divided, let's look at the case for the Trump meme coin as a positive.

The Trump meme coin price soared from $7.0 to north of $75 within hours as the Solana-based meme coin amassed billions of dollars in backing when it launched. But $TRUMP has since crashed and is going for $44 only at writing.

Source: TRUMP via Brave New Coin

While that sounds like a sob story at first glance, it really isn’t.

If anything, the recent sell-off in the $TRUMP meme coin is good news and could potentially drive enthusiasm towards the broader crypto market. Let’s explore why.


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