On January 27th, COINOTAG News reported insights from Garrison Yang, co-founder of the Web3 gaming company Mirai Labs, regarding the impact of the $TRUMP token on the broader cryptocurrency landscape. Despite its valuation reaching several billion dollars, Yang noted that the overall cryptocurrency market capitalization has remained relatively stable. He highlighted that while the Phantom app once dominated in download rankings, capturing widespread attention, this visibility did not significantly translate into liquidity or capital inflow for the token. Yang emphasized that only a minimal fraction of the token’s value derives from new investors, suggesting a disconnect between popularity metrics and substantial financial engagement.
This commentary underscores the challenges within the crypto sector, where market hype does not always correlate with genuine investment momentum. As the industry continues to evolve, distinguishing between fleeting trends and sustainable growth will be crucial for stakeholders navigating this volatile environment.