The official Memecoin, named after US President Donald Trump, had a significant impact on the crypto currency market in a short time. According to the data shared by Coinbase manager Conor Grogan, the project generated over $ 800 million. In January, Trump’s digital assets, which were released before the presidential ceremony, left great launch in the sector with his liquidity and market value. The 40th place in the crypto currency market is closely monitored by investors and analysts.
High liquidity and market effect
The team’s team transferred 482 million dollars of USDC, Solana and Memecoin to the stock market after the launch. Coinbase Director Conor Grogan, the team also $ 240 million USDC outside the stock market, $ 50 million USDC to provide liquidity in the stock market said. Grogan stressed that these figures have left behind other major launch in the sector.
Memecoin’s team has not yet offered a token stock worth $ 16 billion. This creates uncertainty about the future market mobility of the project. The liquidity volume and the assets held by the team increase the interest of investors to the project.
Market data and comments
Memecoin’s trading price is at the level of $ 19.28, according to the latest data. The digital asset, which increased by 12.5 %in the last 24 hours, experienced a significant decrease in the last week. Price mobility triggers both optimistic and cautious approaches among investors.
Market analysts say that the liquidity level in which the project reached in a short time is remarkable. However, if the team’s big token stock is offered for sale, it is warned that prices may occur in prices. Participants in the crypto currency market continue to collect data to assess Memecoin’s long -term performance.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
