The memecoin industry, led by Dogecoin and Shiba Inu, has seen a significant increase in daily average trading volume due to the introduction of Donald Trump and Melania Trump memecoin projects. The 24-hour average trading volume for memecoins has surged by over 118% to around $80 billion. The liquidity of TRUMP and MELANIA memecoins has attracted more mainstream investors to the cryptocurrency industry. The victory of Donald Trump in the previous year's elections has increased FOMO trading in the memecoin industry. The founder and CEO of CryptoQuant predicts significant growth for the memecoin industry under the Trump administration. The combination of Elon Musk's support for Dogecoin and Trump's involvement in the crypto industry will result in major cash inflows. However, investors are cautioned about potential rug pulls in memecoin projects and are advised to conduct thorough research before investing.



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