beincrypto.com
A new survey claims that 1 in 7 Americans bought the new $TRUMP meme coin and that over 80% of these buyers made a profit. The survey also found that 42% of $TRUMP amd $MELANIA buyers are first-time investors in crypto.
The survey had a small sample size, and its sweeping conclusions might, therefore, be inaccurate, but it still contains valuable insights into the crypto community.
$TRUMP Meme Coin Sparks Discussions
Donald Trump changed the meme coin market when he launched $TRUMP over the weekend. The Solana-based token quickly grew to a $14 billion market cap, and the subsequent $MELANIA token took off after $TRUMP fell.
However, according to a recent survey, Trump’s new assets have had an even bigger impact on the US market.
“The $TRUMP meme coin has quickly gained traction, with 14% of Americans investing in it. This surge in interest marks a significant milestone, highlighting the growing appeal of memecoins backed by political figures. A striking 81% of $TRUMP buyers are currently profitable, indicating a strong demand and positive market response since its launch,” it claimed.
Although $TRUMP has taken off to be one of the largest Solana meme coins, these claims still seem quite astonishing. There are a few key outside metrics that show how successful $TRUMP has been.
For one thing, it and $MELANIA created record fees and revenue on Solana’s blockchain. Additionally, his inauguration led to $2.2 billion in crypto inflows.
That being said, however, some of the survey’s claims are almost certainly statistically generalized. It only polled 1092 Americans but claimed that 47 million Americans bought $TRUMP over one weekend.
For comparison, the Chinese social media app Xiaohongshu/Rednote took off this month and is the #1 app on the App Store, but it only has 13 million US-based users.
In other words, this survey claims that nearly four times as many people purchased Trump’s meme coin as downloaded the hottest new app. Without a larger sample size or more on-chain data, this doesn’t seem especially credible.
Nonetheless, its conclusions can still provide valuable insights.
“The Trump and Melania meme coins show a really odd and interesting trend in society in general: Tokenization is both a fascinating and unsettling evolution of how we perceive value. It’s not just a technological innovation—it’s a profound shift in how society assigns worth. We’ve moved from tangible assets to a world where anything, even the most abstract of ideas or fleeting sentiments, can be monetized,” wrote Brian Krassenstein.
The survey said that 42% of $TRUMP purchasers had never bought a meme coin or any other digital asset beforehand, for one thing. The President’s platform and notoriety made this asset an accessible entry point for many newcomers.
Additionally, 55% said Trump was manipulating the crypto market, and 75% considered $TRUMP bad for crypto.
Ultimately, regardless of how well this survey samples all of US society, it can still represent the crypto space. Meme coins like $TRUMP have become a huge overnight phenomenon, and they’ve created very divisive community discourse. Their long-term impact could go in many directions.