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The “Trump Pump” Effect isn't just giving tokens a boost, Coinbase’s app has climbed the ranks as well – likely indicating a renewed surge in retail interest.
What’s the Scoop?
Coinbase on Top: Coinbase recently surged into the top 10 apps on the Apple App Store, now holding the number-one spot in the finance category.- Trump Pump: Before the election, Coinbase’s app was sitting around 400th place in the rankings. But following Trump’s positive outlook on crypto, it has become one of the world’s most popular apps.
Bankless Take:
Trump’s favorable stance on crypto sent token prices soaring, and it’s no surprise Coinbase saw a boost in App Store downloads as a result. This surge may not last forever, as such pumps often cool off. It will be interesting to watch whether Coinbase can maintain its top position on the App Store or if it will slide down as the crypto buzz settles.
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