Despite previous criticisms of memecoins as frivolous, the launch of coins like TRUMP could potentially invigorate the Solana network. With Solana previously underutilized, the influx of memecoin activities may attract new users and developers, fostering a vibrant ecosystem for diverse applications beyond mere speculation. This newfound interest could stimulate long-term growth for Solana, as more people explore its offerings. Additionally, the association of the TRUMP coin with the US government may suggest a shifting attitude towards regulatory clarity in the crypto space.
If you break it down, there are a lot of moving components in the backend that people are not necessarily cognizant of, says Anurag Arjun
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