#Trump Inauguration, Crypto Market Plunges#
Hot Topic Overview
Overview
The cryptocurrency market experienced intense fluctuations following Trump's inauguration. The Trump family's crypto project, WLFI, made significant on-chain purchases of LINK, AAVE, TRX, and other cryptocurrencies, attracting market attention. Simultaneously, the Trump family registered several Ethereum domain names, and rumors circulated about their son launching a coin on Ethereum, leading to a rebound in Ethereum's price. However, Trump's meme coin, Trump, and his wife's meme coin, Melania, both experienced declines, sparking controversy. The market anticipates Trump's post-inauguration executive orders, particularly regarding the inclusion of Bitcoin in the national reserve. However, uncertainty remains regarding Trump's policy direction, resulting in significant volatility in the cryptocurrency market.
Ace Hot Topic Analysis
Analysis
Following Trump's inauguration, the cryptocurrency market experienced a sharp decline. This was mainly attributed to Trump family's cryptocurrency project, World Liberty Financial (WLFI), which aggressively purchased various cryptocurrencies, including LINK, AAVE, TRX, on the blockchain, triggering market concerns. Additionally, the Trump family released their own meme coin, further contributing to market volatility. Some analysts believe that these actions by the Trump family could lead to insufficient market liquidity and trigger market panic. Others argue that these actions constitute an abuse of presidential power for personal gain and may cause the cryptocurrency bubble to burst. However, some analysts also suggest that the Trump family's actions could potentially drive cryptocurrency market growth and create new investment opportunities. Currently, the market remains in a wait-and-see mode, closely monitoring subsequent developments related to the Trump family's actions.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump family's crypto project WLFI buys various cryptocurrencies, including LINK, AAVE, TRX, ETH, etc., raising market attention and driving up the prices of related coins.
The move by Trump family's crypto project WLFI is interpreted as Trump's positive attitude towards cryptocurrencies, with the market expecting him to introduce policies that are beneficial to cryptocurrencies, such as including Bitcoin in the national reserve.
During Trump's inauguration, market uncertainty about crypto policy led to fluctuations in the crypto market, but overall the market remains optimistic about Trump's crypto policy.
The buying behavior of Trump family's crypto project WLFI is considered by some as a marketing ploy by the project team, and the market is questioning its authenticity.