#TrumpCoin trading is booming.#
Hot Topic Overview
Overview
TrumpCoin trading is red hot, with its official meme coin TRUMP exceeding $7 billion in on-chain trading volume in the 24 hours following its launch, surpassing the total trading volume of Ethereum and all its L2s. The token's price reached $28, with Trump's affiliated companies CIC Digital LLC and Fight Fight Fight LLC controlling 80% of the supply, making the value of his crypto holdings alone surge to $22.4 billion. Some crypto heavyweights are celebrating his return to the White House at the first-ever Crypto Ball in Washington D.C., looking forward to a more crypto-friendly president. However, there are also plenty who are skeptical of TrumpCoin's future, believing its value may vanish soon.
Ace Hot Topic Analysis
Analysis
TrumpCoin trading is booming. Its official memecoin TRUMP surpassed the total transaction volume of Ethereum and all its L2s within 24 hours of launch, exceeding $7 billion. The token price reached $28, with Trump’s affiliated companies CIC Digital LLC and Fight Fight Fight LLC controlling 80% of the supply, making the value of his cryptocurrency holdings alone skyrocket to $22.4 billion. It is estimated that Trump's net worth surged by $28 billion overnight, increasing his estimated net worth by 400%. The launch of TRUMP has also sparked market attention on Solana and meme culture. Bybit CEO BEN said that yesterday all CEXs saw a large outflow of SOL and USDC, flowing onto the chain to buy TRUMP. Moonshoot + Meteora/Jupiter created over $30 billion in memecoins in less than 10 hours, without the need for any CEX. Bybit CEO BEN believes that 2025 must focus on on-chain ecosystems, or be eliminated.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
The launch of TrumpCoin sparked market frenzy and attracted significant investment, generating massive trading volume and market capitalization in a short period of time.
The launch of TrumpCoin is considered a major milestone for the American cryptocurrency industry, marking the beginning of political figures embracing cryptocurrencies and potentially driving its future development.
The launch of TrumpCoin has also sparked discussions about meme coins, prompting people to ponder the value and future of meme coins, as well as their impact on the cryptocurrency market.
The launch of TrumpCoin has also raised discussions about cryptocurrency regulation, with people starting to contemplate government attitudes toward cryptocurrencies and the future direction of cryptocurrency development.