#Trump's wife launches a coin, MELANIA's market cap exceeds $4.6 billion#
Hot Topic Overview
Overview
Melania Trump, wife of former President Donald Trump, launched her own meme coin, Melania, sending shockwaves through the market. The launch of Melania coin led to a price plunge of over 60% for Trump coin, another meme coin named after the former president, resulting in a $7.5 billion market cap evaporation in a short span. The market consensus is that the launch of Melania coin is a strategic move by the Trump family to cash out and prepare for a series of additional meme coins. This strategy aims to divert attention from the initially released Trump coin and potentially lead to an influx of similar meme coins, ultimately causing market chaos. Some analysts believe that the launch of Melania coin is an attempt by the Trump family to depoliticize Trump's meme coin business, detaching it from his presidential identity and reducing his political influence.
Ace Hot Topic Analysis
Analysis
Melania Trump, wife of former President Donald Trump, launched her own meme coin, Melania, sparking heated debate in the market. Following its launch, the price of Trump's meme coin, Trump, plummeted, losing $7 billion in market capitalization within 60 seconds. Market analysts believe that Melania's launch of her own meme coin is an attempt to diminish Donald Trump's political influence and commercialize meme coins, detaching them from his presidential identity. The market is also concerned about the Trump family launching more meme coins, leading to market chaos. Some analysts argue that the Trump family's meme coins are a classic "pump and dump" scheme and advise investors to proceed with caution.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump family used meme coins for 'pump and dump' operations, manipulating the market by issuing meme coins to profit.
The Trump family members' issuance of meme coins has raised concerns about the legitimacy and regulation of cryptocurrencies.
The Trump family members' issuance of meme coins could lead to greater volatility in the cryptocurrency market and exacerbate market speculation.
The Trump family members' issuance of meme coins could lead to a decline in interest in cryptocurrencies and damage the reputation of cryptocurrencies.