#Trump Meme Coin Surges#

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Overview

Trump announced the launch of his personal meme coin, TRUMP, sparking heated discussions in the market. The coin surged rapidly after its launch, with its market cap reaching over $5 billion at one point, and its trading volume reaching $695 million. However, there are controversies surrounding the authenticity of the coin, with some believing that Trump's account may have been hacked, while others think it was launched by Trump himself. Currently, the coin's market cap has retreated, but it remains highly popular.

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Analysis

Donald Trump announced the launch of his personal meme coin, TRUMP, sparking heated discussions in the market. The coin was launched on Solana and its market capitalization surpassed $5 billion within a short period, with a trading volume of $695 million. It remains unclear whether Trump's account was hacked, but this event has triggered widespread discussions. Many believe it indicates Trump's support for cryptocurrencies and will drive the development of the crypto market. Some traders profited quickly after the coin's launch, such as one trader who made over $20 million in 90 seconds. However, some have questioned the authenticity of the coin, suggesting it could be a hacker's scheme. Currently, the incident continues to ferment, with the market eagerly anticipating the future development of the coin.

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Classic Views

Trump's meme coin TRUMP may just be a hacked account, but it could also be real. There is no conclusion yet.

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TRUMP's market cap soared in a short period of time and attracted a lot of capital inflows, but its price fluctuated violently and the risk is extremely high.

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Trump's coin issuance has attracted people's attention to cryptocurrency and may drive the development of blockchain platforms such as Solana.

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Trump's coin issuance may mark a new era for cryptocurrency. In the future, more politicians may participate in the cryptocurrency field.

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