#Trump Coin Surges 25%#
Hot Topic Overview
Overview
Trump's meme coin "TRUMP" quickly gained popularity after its launch, with its market capitalization soaring to $13 billion, making it the fastest-growing meme coin in history. However, Trump himself publicly stated that he "doesn't know much" about the coin, saying, "I heard it's been successful, but I haven't looked into it." This statement triggered market fluctuations, causing TRUMP's price to drop by over 30%. Despite this, the Trump family's crypto project World Liberty Financial (WLFI) has continued to accumulate TRX, spending $168.4 million in the past three days to purchase 6 tokens, including ETH and WBTC. Furthermore, analysts have pointed out that crypto whales have purchased over 22,000 BTC in the past 72 hours, worth over $2.24 billion, indicating a positive market sentiment.
Ace Hot Topic Analysis
Analysis
Trump's meme token "Trump" has recently experienced wild swings. The token price plummeted over 30% after Trump publicly stated, "I don't know much about it." However, it subsequently rallied and surged again after the Trump family's crypto project World Liberty Financial (WLFI) made large purchases of TRX. WLFI has spent $168.4 million over the past three days buying six tokens, including ETH, WBTC, TRX, AAVE, ENA, and LINK. Nevertheless, some analysts believe that Trump's meme token could hinder bipartisan crypto market structure legislation, as Democrats may demand investigations into whether foreign governments and commercial interests used token purchases to curry favor with the Trump team.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump family's cryptocurrency project World Liberty Financial (WLFI) spent a huge amount of money to buy various cryptocurrencies, including ETH, WBTC, TRX, etc., but currently has a floating loss of $2.67 million.
Trump admitted that he issued the TRUMP token, but said he didn't know much about it, which caused the token price to drop by nearly 30%.
Trump's meme token TRUMP could hinder progress on bipartisan cryptocurrency market structure legislation, as Democrats would question whether foreign governments and business interests used token purchases to curry favor with the Trump team.
Trump's meme token TRUMP became the fastest growing meme coin in history, with a market cap soaring to $13 billion.