The 47th President of the United States launched the TRUMP coin on the heels of the inauguration day. The new meme coin surged more than 1,000% in just two days after its launch and touched an all-time high of $73.43. However, it dipped in price after the President’s wife launched her own meme coin $MELANIA. Both the coins were among the most sought-after digital assets in the broader cryptocurrency market this week.

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Investors’ optimism under Trump remains high, as the community believes his policies will usher growth. The President has taken a cryptocurrency and blockchain-friendly stance that could do wonders for the markets. Bitcoin and Ethereum would be the first to gain from governmental-friendly policies, which would eventually make other leading altcoins and meme coins, including TRUMP coin, surge in value.

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TRUMP Coin: 14% of Americans Invested In It

A recent survey published by NFTevening reveals that over 14% of Americans have invested in the TRUMP coin. That’s one in seven Americans who have purchased the new meme coin and are trading in it. The survey states that around 81% of holders enjoyed profits before the price dipped on Tuesday.

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In addition, around 40% of TRUMP coin buyers are first-time investors in the cryptocurrency markets, reveals the survey. The development indicates that the new meme coin attracted thousands of investors into the cryptocurrency fold. “This surge in interest marks a significant milestone, highlighting the growing appeal of meme coins backed by political figures,” read the report.

For a brief moment on Sunday, TRUMP coin also surpassed Shiba Inu in the market cap. Its trading volume hit billions in record time indicating that investors trust the President’s new meme coin. The cryptocurrency market could rally in the next four years if Trump makes it a part of the governmental policies. The next four years look lucrative as support for digital assets is coming straight from the top.