#Trump tokens surge 25%#
Hot Topic Overview
Overview
Trump's meme coin, "Trump," quickly gained popularity after its launch, with a market cap that once soared to $13 billion, making it the fastest-growing meme coin in history. However, Trump himself said he doesn't know much about the token, stating, "I don't know much about it other than the fact that I started it." This statement triggered market fluctuations, and the token's price dropped by over 30% after Trump's speech. Despite this, the Trump family-backed crypto project, World Liberty Financial (WLFI), continues to buy TRX, having spent a total of $222.9 million on 7 tokens. However, they are currently experiencing a floating loss of $2.67 million. Meanwhile, the market is also looking forward to Trump's policy actions on cryptocurrency, believing that it will be the key to triggering a market rally.
Ace Hot Topic Analysis
Analysis
Trump's meme coin, "Trump," quickly gained popularity after its launch, with its market capitalization reaching $13 billion at one point, making it the fastest-growing meme coin in history. However, Trump himself publicly stated that he "doesn't know much about it," sparking market panic and causing the token's price to plummet by more than 30%. Subsequently, the Trump family's crypto project World Liberty Financial (WLFI) spent $168.4 million in the past three days buying six tokens, including ETH, WBTC, TRX, etc., but currently faces a floating loss of $2.67 million. Despite Trump's limited knowledge of the token, its launch has sparked market buzz and had a certain impact on the crypto market. Some analysts believe that Trump's meme coin may hinder the progress of bipartisan crypto market structural legislation, as Democrats may demand clarification on whether foreign governments and commercial interests used token purchases to curry favor with the Trump team.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump family crypto project World Liberty Financial (WLFI) has spent $168.4 million on 6 tokens in the past 3 days, including ETH, WBTC, TRX, AAVE, ENA and LINK.
Trump admitted he launched the TRUMP coin and said it was successful, but the media interpreted it as him not understanding the coin.
Trump's meme coin TRUMP has grown the fastest in history, with a market cap of $13 billion.
Trump's policy actions on cryptocurrency have attracted much attention and are considered a key factor in the start of the crypto market rally.