CryptoQuant CEO says Trump opens new era for meme coins

Ki Young Ju, CEO of CryptoQuant, said Donald Trump ushered in a new era for meme coins.

In a recent article on X, Ki highlighted how Trump’s launch of TRUMP capitalized on the retail investing trend that continues to dominate, turning speculative fervor into a powerful force. With the advent of official TRUMP (ASSET), launched on January 18, Trump is moving forward with speculation in retail-focused crypto markets to secure profits by leveraging his massive fan base.

Retail investors have always poured money into financial market trends, and decades of “investing in the S&P 500” is like investing in meme coins, Ki argued. Now, the retail investor plays the game by following trendy influencers, replicating trends and idolizing entrepreneurs, aided by platforms such as Robin Hood and crypto exchanges, which facilitate active participation. He says the official Trump coin is the perfect representation of this story, which is strongly supported by an army of Trump supporters.

Unlike traditional investments, Ki said, celebrity coins, such as ASSET — does not create direct value. Rather, their value comes from their power to build community. He said Trump’s currency likely won’t collapse until he pulls the rug out from under his eager fan base. However, many others in the crypto community believe that a draw may not be feasible for the Trump token, which has a market cap of 45 billion, according to CoinMarketCap.

Ki also predicts a rise in other meme-influenced digital assets in the decentralized crypto market. The pro-free market approach under Trump will result in little regulation. This means that dozens of meme coin communities can experiment with their fate over the next four years, until 2028. However, Ki warned that while these meme coins have the potential to promote goodwill and innovation, they could also be used by malicious groups. Such an example was seen in the case of Lucky Falcon same coin, which collapsed 88% in 20 minutes in December.