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Author: Admin | 2025-04-28
Control the vast majority of Trump and Melania tokens, according to Chainalysis, a blockchain analytics firm.But about half of users holding Trump or Melania tokens have never before bought an alternative token on the Solana crypto platform where these tokens are offered, Chainalysis calculates, and 80 percent have less than $1,000 worth of assets via Solana.Eric Jardine, cybercrimes research lead at Chainalysis, takes that as a sign that many who have bought into the tokens are probably retail investors, he said in an interview Friday.Aasim Rasheed, a 33-year-old based in the Bay Area who works for Hotcoin, a Chinese cryptocurrency exchange, has seen firsthand evidence $TRUMP is enticing crypto converts.He bought into $TRUMP and then sold his coins before the inauguration, Rasheed said in a phone interview Thursday. Though he wishes he’d held on longer, he thinks the coin is “exciting” for the industry because it’s an asset for the masses.Rasheed has heard “grandmas” talking about the coin on the New York City subway and has been fielding questions from crypto newbies asking him what apps to download to manage their holdings.Rasheed compared the Trump coins to McDonald’s hamburgers — not the healthiest or tastiest meal, but cheap, readily available and popular. “Everybody knows McDonald’s doesn’t make the best hamburgers,” Rasheed said, “but it’s everybody’s first hamburger.”
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