TRUMP Meme Coin Sparks Discussions, Survey Claims 14% of Americans Bought the Token

Donald Trump changed the meme coin market when he launched TRUMP over the weekend. The Solana-based token quickly grew to a $14 billion market cap.

A new survey has found that 1 in 7 Americans bought the new TRUMP meme coin, and that over 80% of these buyers made a profit.

The survey, conducted by the Harris Poll, also found that 42% of TRUMP and MELANIA buyers are first-time investors in crypto.

TRUMP Meme Coin Sparks Discussions

When Donald Trump launched TRUMP over the weekend, it changed the meme coin market. The Solana-based token quickly grew to a $14 billion market cap, and the subsequent MELANIA token took off after TRUMP fell.

However, a recent survey suggests that Trump’s new assets had an even bigger impact on the US market.

“The TRUMP meme coin has quickly gained steam, with 14% of Americans investing in the coin. This surge in interest marks a surprising chapter in memecoins backed by political figures, with 81% of TRUMP buyers currently in the green, highlighting a strong demand and positive market response since its launch,” the survey claims.

These claims seem astonishing, even though TRUMP has gone on to become one of the largest Solana meme coins. There are a few key external metrics that show how successful TRUMP has been.

For one, it and MELANIA created record fees and revenue on Solana’s blockchain. And his inauguration led to $2.2 billion in crypto inflows.

That said, some of the survey’s claims are almost certainly statistically generalized. It only polled 1092 Americans but claims that 47 million Americans bought TRUMP over one weekend.

For reference, the Chinese social media app Xiaohongshu / Rednote took off this month and is the #1 app on the App Store, but it only has 13 million US-based users.

This survey claims that nearly four times as many people purchased Trump’s meme coin as downloaded the hottest new app. Without a larger sample size or more on-chain data, this doesn’t seem especially credible.

Still, the survey’s conclusions can offer some valuable insights.

“The Trump and Melania meme coins highlight a curious and fascinating trend in society at large: Tokenization is both a thrilling and eerie evolution in how we assign value,” wrote Brian Krassenstein.

“It’s not merely a technological innovation but a profound shift in how society defines worth. We’ve moved from tangible assets to a realm where anything, even abstract concepts or passing emotions, can be monetized.”

According to the survey, 42% of TRUMP purchasers had never bought a meme coin or any other digital asset before, for one.

The President’s platform and fame made this asset an accessible entry point for many first-timers in the market.

Moreover, 55% said that Trump was manipulating the crypto market, and 75% said that TRUMP was bad for crypto.

Whether this survey accurately samples all of US society, it can still be representative of the crypto space. Meme coins like TRUMP have become a massive overnight phenomenon, sparking highly divisive discourse within the community. Their long-term impact could pan out in a number of ways.