#Trumpcoin surpasses DOGE#
Hot Topic Overview
Overview
The meme coin TRUMP, launched by former US President Donald Trump, has sparked a frenzy in the crypto market. Its 24-hour on-chain trading volume surpassed $7 billion, exceeding the combined volume of Ethereum and all its L2s. TRUMP's price skyrocketed upon launch, surging over 12,000% at one point and creating 528 millionaires. Despite the Trump team removing $20 million in USDC from the liquidity pool, the market's enthusiasm for TRUMP remains high, with numerous exchanges listing spot trading for the coin. However, some experts remain cautious about TRUMP's future, suggesting a potential for a significant price correction.
Ace Hot Topic Analysis
Analysis
Trump's meme coin, TRUMP, has caused a huge market reaction after its launch, with its on-chain trading volume exceeding $7 billion in 24 hours, surpassing the total trading volume of Ethereum and all its L2s. The token price surged by 1250% in a short period of time, creating 528 millionaires. Trump's net worth also skyrocketed to $28 billion overnight, an increase of 400%. Market analysts believe that Trump may issue executive orders favorable to digital assets after taking office, which will inject a "boost" into the trend of Bitcoin. However, some experts have pointed out that the launch of the TRUMP token is predatory, and Trump should airdrop it to the public instead of using it to enrich himself or his team. In addition, some non-profit organizations have criticized Trump's move to issue meme coins, arguing that it is highly speculative and carries significant risks for investors. Nonetheless, the launch of TRUMP has also sparked interest in meme coins in the crypto industry and driven activity on the Solana chain. Bybit CEO BEN said that the company will focus on building Onchain Bybit to address this trend. In summary, the launch of TRUMP has had a significant impact on the crypto industry and sparked discussions about meme coins, the intersection of politics and finance, and the future direction of the crypto industry.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
The launch of TrumpCoin is a symbol of the combination of politics and finance, attracting a specific user group, especially political enthusiasts and conservative supporters.
The launch of TrumpCoin leverages the strong market liquidity, triggering FOMO sentiment, and capitalizes on the increased possibility of Trump's second presidential election, bringing a potential expectation of "government endorsement" to the market.
The launch of TrumpCoin leverages Trump's personal brand, attracting a large number of Trump supporters and followers. This political capital is directly converted into coin traffic and market capitalization.
The launch of TrumpCoin leverages Trump's enormous global fame. His support can quickly gather popularity and expand the market size.