#Trump's inauguration, cryptocurrency crash#
Hot Topic Overview
Overview
On the eve of Trump's inauguration, the crypto world erupted in a frenzy. The TRUMP and MELANIA meme coins launched by his family sparked a market surge, driving up transaction volume on the Solana network and setting a new record for daily transaction fees. While the market is skeptical about the future of the Trump family meme coins, analysts generally believe this marks the dawn of a new era of crypto regulation in the United States, with the government viewing cryptocurrencies as a technology for direct public engagement. Meanwhile, Bitcoin's price also hit an all-time high, approaching $109,000. The market widely believes that the Trump administration's positive stance on cryptocurrencies will fuel further price gains for Bitcoin.
Ace Hot Topic Analysis
Analysis
The crypto market saw intense fluctuations around the time of Trump's inauguration. The TRUMP and MELANIA memecoins, launched by the Trump family on the Solana blockchain, quickly gained popularity, sparking market frenzy. Transaction volume and fees on the Solana network reached record highs. However, TRUMP coin plummeted after the launch of Melania coin, raising concerns about celebrity coins in the market. Simultaneously, World Liberty Financial (WLFI), a DeFi project backed by the Trump family, announced a new token sale plan and partnered with stablecoin investment platform Ethena, leading to speculation about WLFI's future development. Some analysts believe that the Trump family's entry marks the beginning of a new era of US crypto regulation, with the government viewing cryptocurrency as a technology that directly reaches the public. However, other analysts warn that celebrity coins are highly volatile and investors should remain cautious. Overall, the impact of Trump's inauguration on the crypto market was complex, with both positive and risky aspects.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump family's coin issuance is a major event in the cryptocurrency field, marking a shift in the US government's attitude towards cryptocurrency and potentially pushing cryptocurrency into the mainstream financial market.
Trump family's coin issuance could lead to major changes in cryptocurrency regulatory policies and may bring new opportunities for the cryptocurrency industry.
Trump family's coin issuance could attract more retail investors to the cryptocurrency market and boost the growth of altcoins.
Trump family's coin issuance could lead to new risks in the cryptocurrency market, such as price volatility and legal risks.