#Trump family issues cryptocurrency#
Hot Topic Overview
Overview
The Trump family's meme coin launch sent shockwaves through the crypto world. Donald Trump and his wife Melania each launched their own meme coins, causing significant market volatility. Trump's meme coin, "Official Trump," briefly reached a market cap of $14.5 billion. However, its price plummeted by nearly half after the launch of Melania's meme coin, "MELANIA." Melania's coin surged over 24,000% in just a few hours, with trading volume exceeding $1 billion. This event led to congestion on the Solana network, soaring gas fees, and a crash of the Jupiter exchange, triggering market panic and causing $1.071 billion in liquidations across the network within 24 hours. Many view the Trump family's meme coin launch as a blatant "rug pull," while some analysts see it as a new frontier for celebrity involvement, attracting more outsiders to the crypto space.
Ace Hot Topic Analysis
Analysis
The Trump family's coin launch has sparked heated discussions in the crypto sphere. The MELANIA token, launched by Melania Trump, wife of former President Donald Trump, caused market fluctuations within hours, leading to a sharp decline in the price of Trump's official Solana Meme coin. Analysts believe that the Trump family's entry into the crypto market marks a new chapter for celebrity involvement, but also reveals the greed of capital and the frenzy of the cryptocurrency market. The launch of the MELANIA token has also sparked debate about whether it is a step forward or backward for the future of crypto. Some believe that the Trump family's coin launch will attract more outsiders to invest, but many worry that it will accelerate the bursting of the cryptocurrency bubble. At present, the market performance of the MELANIA token is unclear, but its impact on the crypto world is evident.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump family's coin issuance is a major event in the crypto world, marking a new era of celebrity involvement, but also raising questions about the malicious nature of capital.
Trump family's coin issuance will bring huge liquidity, attracting more outsiders into the circle, but it may also lead to the bursting of the crypto bubble.
Trump family's coin issuance will have a huge impact on the crypto world, leading to price fluctuations and market chaos, but it may also bring new investment opportunities.
The model of Trump family's coin issuance may become a trend in the future crypto world, but it is also necessary to be wary of the risks and bubbles involved.