#Trump's Inauguration, Crypto Crash#
Hot Topic Overview
Overview
On the eve of Trump's inauguration, a meme coin frenzy erupted in the crypto world, driven by meme coins issued by the Trump family. Donald and Melania Trump launched meme coins bearing their names, generating significant market excitement. TRUMP coin's market capitalization surged past $17 billion at one point, and SOL chain transactions reached record highs. While some analysts believe the Trump family's coin issuance may have prematurely exhausted positive industry sentiment, others argue that it could attract more retail investors and solidify the Trump administration's support for cryptocurrencies. Additionally, the Trump family's coin issuance has garnered substantial attention from institutional investors, potentially ushering in an altcoin season. However, analysts also caution that celebrity coins are highly volatile, requiring investors to exercise prudence and rationality. Overall, the crypto market leading up to Trump's inauguration displayed extreme volatility, demanding cautious approaches from investors.
Ace Hot Topic Analysis
Analysis
On the eve of Donald Trump's inauguration, his family members launched meme coins like TRUMP and MELANIA, causing a dramatic stir in the cryptocurrency market. TRUMP coin surged to a market capitalization of $14 billion in a short period, becoming one of the top 20 cryptocurrencies. However, it subsequently plummeted after the launch of Melania coin. The Solana network experienced congestion due to a surge in transactions, resulting in record-high daily transaction fees. The market widely perceives the launch of the Trump family meme coins as the beginning of a new era of crypto regulation in the US, with the government viewing cryptocurrency as a technology that allows direct access to the masses. Some analysts believe this will drive institutional capital inflow and potentially accelerate Bitcoin adoption. Nevertheless, experts warn investors to remain cautious, avoiding blind celebrity endorsement chasing and considering potential legal risks.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump's cryptocurrency launch is a positive development for the crypto industry, attracting more retail investors and solidifying the Trump administration's full support for cryptocurrency.
Trump's cryptocurrency launch could mark the beginning of a new era for crypto regulation in the US, with the government viewing cryptocurrency as a technology for direct public engagement.
Trump's cryptocurrency launch could push the arrival of altcoin season and accelerate the approval process for Solana ETFs.
Trump's cryptocurrency launch could lead to volatility in the crypto market, and investors need to remain cautious and rational.