 Trump ushering in new ‘era of memecoins,’ analysts call for altseason 
2025-01-20
Category: None

The Trump family’s newly-launched tokens may usher in a wave of retail investor adoption for high-risk digital assets such as memecoins and smaller cryptocurrencies.
Trump’s advisory team launched the Official Trump (TRUMP) memecoin on Jan. 18 and the Official Melania (MELANIA) token on Jan. 19 on the Solana network, ahead of US President-elect Donald Trump’s presidential inauguration on Jan. 20.
The memecoin launches represent a “pivotal moment” for the crypto industry, according to Anndy Lian, author and intergovernmental blockchain expert.
The move will usher in a “new era for memecoins and altcoins,” Lian told Cointelegraph, adding:
Despite widespread retail enthusiasm, the Trump token fell by over 17% in the 24 hours leading up to 10:15 am UTC. The token rose to a peak market cap of above $14.9 billion on Jan. 19, before falling over 27% to the current $10.8 billion market cap, CoinMarketCap data shows.
The TRUMP token saw $5 billion wiped off its market cap in the 40 minutes after MELANIA launched, with its price falling 38% from $74.6 to $45.9 on Jan. 19.
A new era for political memecoins: CryptoQuant CEO
Other notable industry insiders also see the Trump family’s memecoin launch as an unprecedented moment for the crypto industry.
Notably, this will open a new era for memecoin investing, according to Ki Young Ju, the founder and CEO of CryptoQuant. 
“The underlying reality of financial markets behaving like memes isn’t going away,” Ju wrote in a Jan. 20 X post. He added:
“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,” Ju said.
For other analysts, the memecoin launch signals a potential rotation into altcoins, or cryptocurrencies excluding Bitcoin BTCUSD and Ether ETHUSD.
The memecoin’s success underscores the high-risk appetite of investors chasing profits, according to Valentin Fournier, an analyst at Blockhead Research Network.
In a research note shared with Cointelegraph, he stated:
Still, some see this as a net negative for the crypto space, accusing Trump’s team of orchestrating a “pump and dump scheme” after back-to-back memecoin launches added billions of dollars to the net worths of the incoming US president and first lady.
Bitcoin in U.S. Reserves: Could It Drive Prices to $500K? Source: YouTube