#Trump meme coin explodes in popularity#
Hot Topic Overview
Overview
Trump's meme coin, TRUMP, has exploded in popularity since its launch, with its market cap exceeding $10 billion in just a few hours and attracting massive capital inflows. Numerous exchanges have quickly listed spot and futures trading of TRUMP, igniting a wave of interest in celebrity meme coins. Some analysts believe TRUMP's success will drive more celebrities to issue their own meme coins and potentially reshape the cryptocurrency landscape. However, others remain skeptical about TRUMP's future, citing its volatile price and the risk of a bubble.
Ace Hot Topic Analysis
Analysis
TRUMP, the meme coin named after Donald Trump, has exploded in popularity since its launch, with a market capitalization exceeding $16.7 billion within a few hours. Its circulating market cap also reached $3.3 billion. Numerous exchanges quickly followed suit, listing TRUMP for spot and futures trading, with Bitget becoming the first major exchange to support TRUMP spot trading. Several whales also swiftly acquired TRUMP, reaping significant profits within a short period. For instance, a trader on Solana earned $29.8 million, representing a 2,634% increase. This event sparked discussions about meme coins and prompted many to ponder whether a wave of celebrity-backed cryptocurrency launches is on the horizon. Some analysts believe that Trump's meme coin is just the beginning, with more celebrities issuing their own meme coins in the future, which could attract new users and traffic to the cryptocurrency market. However, others are skeptical about the future of meme coins, arguing that their value fluctuates wildly and carries substantial risks.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
The emergence of Trump meme coin TRUMP has opened up the political meme coin market and may spark a wave of celebrity meme coins.
TRUMP's market cap surpassed $10 billion in just a few hours and is expected to reach $100 billion, its price fluctuates wildly, attracting a large number of investors.
The emergence of TRUMP has caused the total market cap of the cryptocurrency market to evaporate by nearly $93 billion, raising concerns about a meme coin bubble.
The issuance of TRUMP indicates the importance of the Solana chain in the meme coin market and may drive SOL/ETH flipping.