Kaiko: TRUMP dinner news triggers $2.4 billion on-chain token transfers, on-chain activity surges by 200%

2025-04-29 08:09:24

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ChainCatcher news, according to TheBlock, Kaiko's latest report shows that the news that TRUMP Meme coin front-row holders may win VIP dinner qualifications and even meet the president has triggered a surge in token trading activity. The TRUMP token's price skyrocketed by 60% in a single day (from $9 to $14.5), accompanied by on-chain transfers reaching up to $2.4 billion, with on-chain activity increasing by 200%, simultaneously creating the highest daily trading volume on CEX since mid-February.

Kaiko pointed out that although Trump is challenging the claim that "Meme coins are worthless," this move has also sparked controversy. Both political opponents and moral advocates have questioned the president's practice of offering exclusive usage rights to those who purchase his Meme coins.

Kaiko predicts that although current trading volumes have retreated from their peak, they may surge again in the coming weeks: "As the activity deadline approaches, holders will transfer funds back on-chain to qualify for participation, which is expected to trigger a new round of activity."

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