Crypto Frenzy: Trump Memecoin Sends ‘Buy Crypto’ Searches Soaring
Trump’s TRUMP memecoin has amassed $802 million in digital assets in just two weeks, with over half transferred to exchanges, according to Coinbase’s Conor Grogan.
The Trump team holds $240 million in USDC and has earned $29.3 million in fees, while still retaining $16 billion worth of TRUMP memecoins. Despite peaking above $70, the token has since fallen below $20, bringing its market cap to $18.5 billion.
NFT Plaza reports that TRUMP’s launch drove massive crypto interest, with “buy crypto” searches soaring 376% and “best meme coins to buy” jumping 9,900%. Analysts warn that the frenzy highlights the volatility and risks of speculative digital assets.
Clever Robot News Desk 4th February 2025
