US President Donald Trump indicated his support for the idea that the official Mimikoen reflects the general feelings about his leadership.

In a post on the social media platform, Trump shared an article in the NewsMax newspaper discussing how the formal cryptocurrency symbol works as a measure of political momentum, echoing the views of some of the encryption industry.

While the president may recognize memecoin as a measure of success, the performance of the symbolic market draws a more realistic image if it can be used as a feeling of feeling.

At the time of writing this report, the official MEMECOIN (Trump) was traded by about $ 10, a decrease of 85 % since its highest level ever reached $ 73 in January. Opening the distinctive symbol scheduled for $ 520 million in July can increase the declining pressure.

The Trump code was set for $ 520 million

According to ONSAIN data collected by the distinguished code world (previously distinctive symbol), only 26.48 % of the total Trump Tokeen supplies, with 73.52 % – about 735 million icons – so far to enter trading.

On July 18, Trump’s distinctive symbols will reach 25 % of the current trading offer on the market. Tokenomist data shows that 50 million icons worth more than $ 520 million will be canceled.

There are a large number of symbols that strike the market have the ability to increase the declining pressure on the price of the distinctive symbol, especially if the demand is not parallel to parallel.

In the period before the lock opening, on June 7, Ibn Trump Eric Trump tried to enhance the market confidence using the Trump -backed financial company, WLF, declaring that WLF plans to acquire a “large amount” of Memwin symbols.

The price of the distinctive symbol did not interact significantly, prompting commentators to say that it is “not a good sign.”

Ultimately, whether investors absorb open or reaction with the sale of the market can indicate broader political enthusiasm for Trump’s leadership.

Related to: Trump Mimikoin’s portfolio in “absolute chaos” as an uncomfortable family

Memecoins as a tool measuring general feelings

The use of memecoins as a tool to measure general feelings is not new. Yat Sio, co -founder of Animoca Brands, told CointeleGRAPH that the rapid height of Trump Token was due to noise and modernity.

However, the executive authority said that in the long run, it could reflect wider positions towards Trump’s presidency.