According to Kaiko's analysis, after the official Trump memecoin team announced a dinner for the first 220 token holders, the TRUMP token price increased by 60%, with on-chain transfers surging. Approximately 10,000 wallets transferred tokens that day, with total trading volume reaching $2.3 billion, dominated by small-scale holders. The TRUMP token's daily trading volume on centralized exchanges surpassed all major memecoins, capturing nearly 50% of the market share. Although trading enthusiasm subsequently cooled down, since the dinner selection rules are based on the average token holdings between April 23 and May 12, on-chain activity is expected to increase in the coming weeks.
Trump memecoin dinner sparks TRUMP token trading frenzy
This article is machine translated
Show original
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content
