#Trump Inauguration, Cryptocurrency Market Fluctuates#
Hot Topic Overview
Overview
Following Trump's inauguration, the meme coins TRUMP and MELANIA, released by his family, caused a major stir in the crypto market. TRUMP's market cap briefly exceeded $17 billion, while MELANIA reached $2.7 billion. The release of these two tokens significantly boosted trading activity on the Solana chain, leading to a record-high daily transaction fee of $33.3 million on the Solana network. Meanwhile, the Trump family's crypto project, WLFI, has also garnered attention. Its collaboration with stablecoin wealth management platform ENA and its integration with Aave v3 hint at the emergence of new crypto financial products in the future. On the other hand, the Ethereum Foundation's continuous sale of ETH has triggered market speculation. Vitalik Buterin also responded to discussions about whether the foundation should stake ETH, stating that new staking options are being explored. Overall, Trump's inauguration has had a significant impact on the crypto market, with the market eagerly anticipating future policy developments while also facing risks and uncertainties.
Ace Hot Topic Analysis
Analysis
Following Trump's inauguration, the meme coins released by his family, $TRUMP and $MELANIA, sparked significant volatility in the crypto market. $TRUMP's market cap quickly soared to $14 billion, with a fully diluted valuation reaching $70 billion, landing it among the top 20 cryptocurrencies. $MELANIA's market cap also reached $1.6 billion, contributing to notable growth for the Solana ecosystem. Consequently, Solana network's daily transaction fees hit a record high of $33.3 million. This event ignited market attention towards celebrity coins and sparked discussions regarding legal and regulatory implications. Some analysts believe that the launch of Trump family meme coins marks the dawn of a new era in US crypto regulation, with the government recognizing cryptocurrency as a technology for direct public engagement. However, other analysts caution investors to exercise prudence and avoid blindly following the celebrity coin hype. Meanwhile, the Ethereum Foundation's continued sale of ETH has also attracted market attention, with Vitalik Buterin stating that the foundation is exploring new staking options to minimize regulatory concerns and hard fork controversies. Overall, the crypto market exhibits volatility and uncertainty post-Trump's inauguration, but also presents a wealth of opportunities.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump's coin event marks the dawn of a new era for crypto regulation, as the government views cryptocurrencies as a technology for direct engagement with the masses.
The Trump family's meme coin fueled a surge in Solana network transactions and could lead to a shift in US crypto regulatory policy.
The Ethereum Foundation is exploring new staking options to utilize staking rewards to pay for the foundation's budget, rather than continuing to sell ETH.
Trump's inauguration could bring crypto-friendly policies and drive Bitcoin prices up.