Arthur Hayes Declares $TRUMP Meme Coin Revolution

• $TRUMP surpasses $6.1 billion, becoming the fourth-largest meme coin.
• Critics warn of speculative hazards, while admirers praise daring.

The meme coin of Donald Trump, $TRUMP, was able to go viral in the crypto world. It has increased 609% in value within 24 hours and was able to reach a market capitalization of $6.1 billion. In such a short time span, it has been able to move up to be the fourth-largest meme coin and has created massive reactions among followers and critics alike. The voice for or against its relevance and survivability is only getting louder ahead of Trump’s inauguration.

In less than two hours, the $TRUMP token skyrocketed by more than 4,200%. The coin value peaked at $32.61. Now, trading at $30.52, the $TRUMP coin has posted an unprecedented $10.9 billion in 24-hour trading volume as investors rush to get on its rocket-fueled upward trajectory. Currently circulating around 200 million tokens, and from the potential circulating supply of 1 billion tokens, $TRUMP is making its mark already in the crypto world.

Arthur Hayes’ Controversial Prediction for $TRUMP

Arthur Hayes, former BitMEX CEO weighed in on the phenomenon of “fugazi” tokenomics but “could get to $100 billion market cap.” The coin is an expression of the new political reality where cryptocurrency will increasingly become an essential tool for politicians to communicate with their followers and voters. According to Hayes, this might remain purely speculative but possibly even catalytic in wider, across-the-board, political crypto-adoption.

It’s a great divide in the crypto community, from those who claim it is bold and revolutionary, bringing politics, culture, and cryptocurrency together, but warning investors to be cautious because of the high risks of speculation. With such a meteoric rise and polarizing effect, $TRUMP has proven it’s more than just a cryptocurrency, it is fast becoming a tool for political engagement in the modern era.

Analysts see this interest going only higher ahead of Trump’s inauguration. Whether or not this would go any further and if it remains for a considerable time is undetermined, but as of now, $TRUMP has found an important place where the world of cryptocurrency meets the world of politics. Investors must exercise caution with investments in such a speculative scenario.