CryptoQuant CEO Explains What Gives President Donald Trump's Newly Launched Memecoin Value

The Official Trump (TRUMP) memecoin launched on Friday and rapidly surged in price to become a top-30 crypto asset by market cap.

CryptoQuant’s CEO is breaking down what gives President Donald Trump’s new memecoin its value.

The Official Trump (TRUMP) memecoin launched on Friday and quickly ascended the crypto top-30 rankings by market capitalization.

The asset is trading at $40.47 at the time of writing and is down nearly 40% in the past 24 hours, but up more than 518% since Friday. It already has a market cap of over $8.1 billion.

CryptoQuant CEO Ki Young Ju says that retail traders believe that financial markets are all about following trends and “chasing memes.”

“What gives Trump’s meme coin its value? Unlike traditional securities, which pool investments for productive activities, celebrity meme coins don’t directly create value. Instead, Trump is likely to use his coin holders as a powerful community base for collective action. If you’re thinking about investing in Trump Coin, the key question is how much influence his community will gain during his presidency. The coin’s value depends entirely on what Trump does. With his fervent fan base, it’s unlikely Trump’s meme coin will ever go to zero – unless he deliberately pulls the rug.”

Young Ju says that a memecoin’s value is determined by whether its community acts in a way that benefits society.

“A community with goodwill could turn a meme coin into a valuable asset. But on the flip side, it would be terrifying if a cult or terrorist group used a meme coin to build a massive following.”

The CryptoQuant exec also predicts that more memecoins will be launched under Trump’s administration.

“The Trump administration has embraced free markets instead of regulated markets, and over the next four years, we’re likely to see all kinds of experiments with meme-driven communities in the crypto space. This wave is unstoppable – at least until 2028.”

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