#Trump Meme Coin Goes Viral#
Hot Topic Overview
Overview
The Trump meme coin, TRUMP, exploded after its launch, reaching a market cap of $16.7 billion in just 6 hours, with a circulating supply of $3.3 billion. Many exchanges quickly followed suit, listing spot and futures trading for TRUMP. Some whales also seized the opportunity to make huge profits by buying TRUMP in a short period of time. However, TRUMP's surge also caused the total cryptocurrency market cap to evaporate by nearly $93 billion in 4 hours. Some believe that the emergence of TRUMP signifies the arrival of deregulation and could bring new users. However, many are skeptical about the value of TRUMP, believing that its price is severely inflated and could eventually go to zero.
Ace Hot Topic Analysis
Analysis
The Trump meme coin, TRUMP, exploded in popularity upon its launch, reaching a market capitalization of $16.7 billion within just six hours. Its circulating market cap also hit $3.3 billion. This surge in value made many overnight millionaires, such as crypto KOL 0xsun.sol, who earned $10 million in just four hours. However, TRUMP's surge also triggered market concerns, with the total cryptocurrency market cap shrinking by nearly $93 billion in four hours. Some analysts believe that TRUMP's emergence marks the arrival of the political meme coin era, with more celebrities or politicians expected to launch their own meme coins in the future. Currently, exchanges like Bybit, Bitget, and Gate have listed TRUMP for spot or futures trading, further fueling its popularity. Although TRUMP's future remains uncertain, its impact cannot be ignored. It has not only changed people's perception of meme coins but also injected new vitality into the crypto market.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
The emergence of Trump Meme coins has opened up the imagination of on-chain wealth creation, making many people realize that the pace and scale of making money can be greatly enhanced.
The popularity of Trump Meme coins has caused anxiety for many traditional project parties and KOLs, because the returns on on-chain investment far exceed their traditional investment methods.
The emergence of Trump Meme coins may lead to a rapid adjustment in the way CEX listing games adapt to the market, because the returns on on-chain investment have already surpassed the returns on CEX listings.
The emergence of Trump Meme coins may accelerate the rise of service providers and wallets such as Solana, because they can provide more convenient on-chain investment services.