#Trump's Inauguration Shakes Crypto Market#
Hot Topic Overview
Overview
Trump's inauguration shook up the crypto market. Key events included the launch of TRUMP and MELANIA meme coins by Trump and his family, sparking market frenzy, a surge in Solana network transaction volume, and record-high transaction fees. At the same time, WLFI, a DeFi platform backed by the Trump family, announced a new round of public sales. Despite the market's enthusiasm for Trump family meme coins, analysts pointed out that celebrity coins are highly volatile and investors should exercise caution and rationality. Moreover, the launch of Trump family meme coins has also raised legal concerns, and may face stricter regulation in the future. Overall, the crypto market during Trump's inauguration displayed strong volatility, and investors need to invest cautiously and monitor policy changes.
Ace Hot Topic Analysis
Analysis
The inauguration of Trump sent shockwaves through the crypto market, with his launched TRUMP token surging from 6.54 to 72 in just 24 hours, igniting a market frenzy. Bitcoin also hit a new all-time high, nearing $109,000. However, there are concerns surrounding the launch of the Trump family memecoin, with some advisors warning that it could damage Trump's reputation. Additionally, the launch of MELANIA token by Trump's wife, Melania, has also triggered market volatility, causing TRUMP to flash crash from $73 to less than $30. Nevertheless, the market widely believes that the launch of Trump family memecoins marks the beginning of a new era of crypto regulation in the US, with the government viewing cryptocurrency as a technology to directly reach the masses. Institutions like Bernstein argue that this indicates "Build in America, Don't Be Shy to Issue Tokens - a new era of crypto regulation has arrived." But the market also needs to pay attention to the internal supply situation of the TRUMP token, as well as the legal risks of the Trump family memecoins.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump family's coin launch is bullish for the crypto industry, attracting more retail investors and reinforcing the Trump administration's full support for cryptocurrency.
The supporters behind the Trump family's coin include many large American institutions, which could mean more institutions entering the crypto market.
The Trump family's coin launch has put tremendous pressure on the Solana network, leading to network congestion and soaring transaction fees.
The Trump family's coin launch marks the beginning of a new era of US crypto regulation, with the government likely to start viewing crypto technology as a tool for direct public engagement.