#TrumpCoin Surpasses Dogecoin in Market Cap#
Hot Topic Overview
Overview
Trump's meme coin, "TRUMP," sparked a crypto market frenzy upon its launch, with its market cap quickly surpassing Dogecoin. The coin's price surged to $28 at one point, and Trump's affiliated company controlled 80% of the supply, skyrocketing his personal crypto assets to $22.4 billion in value. This event also triggered market attention on Trump's policies and the future development of the crypto industry. Some analysts believe that the Trump administration's policy support could offer TRX a gateway into the US Treasury's crypto reserve system. However, some institutions have questioned the ethicality of Trump launching a meme coin, arguing that it is speculative and could pose potential risks to investors.
Ace Hot Topic Analysis
Analysis
Trump's meme coin, "TRUMP," quickly gained popularity after its launch, surpassing Dogecoin in market cap in a short period of time, sparking market discussions. The token price surged to $28 at one point, with Trump's affiliated companies, CIC Digital LLC and Fight Fight Fight LLC, controlling 80% of the supply. The value of his crypto holdings alone skyrocketed to $22.4 billion. This event has also drawn attention to the Trump family's crypto project, World Liberty Financial (WLFI), which reportedly plans to include TRON's mainnet token TRX in its cryptocurrency reserves. Additionally, Bybit CEO BEN stated that yesterday, all CEXs saw significant outflows of SOL and USDC, flowing onto the chain to purchase TRUMP. Moonshoot + Meteora/Jupiter created over $30 billion in memecoin in less than 10 hours, without needing any CEX. This phenomenon has also raised concerns about the on-chain ecosystem. Bybit CEO BEN said that Bybit will focus on building Onchain Bybit in 2025, investing heavily in Bybit web3 wallets. Those who don't join this revolution will be left behind. However, many have criticized Trump's move to launch a meme coin, citing its high level of speculation and potential harm to investors.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
The launch of TrumpCoin is a sign of the legalization of the US crypto industry, which will attract more investors to the market.
The launch of TrumpCoin will drive crypto projects related to the US, especially SOL and XRP.
The launch of TrumpCoin will be a game changer, with a greater focus on on-chain ecosystems and AI Agent tracks in the future.
The era of CEX is coming to an end, on-chain trading will become mainstream, and more blockbuster projects like TrumpCoin will emerge in the future.