“TRUMP memecoin” frenzy sparks 38% surge in crypto app downloads

Recent reports indicate that the emergence of “TRUMP memecoin” triggered a 38% jump in crypto app downloads over two weeks. Marketing agencies note thousands of new users installed wallets and exchange clients for the first time, seeking to invest in the token’s speculative potential.

Though no official endorsement has come from Donald Trump’s representatives, the coin rapidly gained traction across social media and trading platforms. Analysts emphasize that this surge typifies “hype psychology,” with investors piling in due to buzz alone. Nevertheless, warnings persist regarding the inherently speculative nature of memecoins.

Meanwhile, researchers estimate “TRUMP memecoin” trading volume hit about $180 mln in the past 24 hours, driving its market capitalization to around $900 mln. Volatility may continue until more definitive information emerges on the project’s legitimacy.