#Trump Meme Coin Soars#
Hot Topic Overview
Overview
The personal meme coin TRUMP, named after Donald Trump, exploded in popularity shortly after its release, reaching a market cap of over $5 billion and trading volume nearing $700 million. The coin was launched on the Solana blockchain and was promoted by Trump himself on Truth Social and X. While it remains unclear if Trump's accounts were compromised, the event has generated widespread attention and discussion. Some traders profited quickly after the coin's launch, such as a wallet known as "LeBron" which made over $2 million trading TRUMP. Some analysts believe that Trump's support for cryptocurrencies will be stronger than previously imagined, and the next four years could be very good for crypto. However, there are also many who question the legitimacy of the coin and worry about potential risks.
Ace Hot Topic Analysis
Analysis
The Trump meme coin, TRUMP, quickly gained popularity after its launch, with its market capitalization exceeding $5 billion and trading volume reaching nearly $700 million. The coin was promoted by Trump on his social media platforms, Truth Social and X, with links to the website gettrumpmemes.com. It remains unclear whether Trump's accounts were compromised, but the incident has sparked widespread attention and discussion. Some traders made swift profits after TRUMP's launch. For instance, a wallet known as "LeBron" spent 1 million USDC to purchase 4.52 million TRUMP within 2 minutes of Trump's post, and then sold 4.12 million TRUMP for 2.49 million USDC, generating a profit of over $2 million. Additionally, some traders earned over $20 million within approximately 90 seconds after TRUMP's launch. Despite the surge in TRUMP's value, many have questioned its authenticity and expressed concerns about potential risks. Some speculate that Trump's accounts might have been hacked, while others believe that even if launched by Trump himself, it could pose a fraud risk.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump's personal meme coin TRUMP was launched on the Solana chain, and its market cap quickly exceeded $5 billion, sparking heated discussions in the market.
Due to the huge trading volume, the market cap of TRUMP fluctuated wildly, with sharp rises and falls in a short period of time, and some traders made huge profits through short-term operations.
The authenticity of TRUMP is controversial, some believe that Trump's social media account may have been hacked, while others believe it was issued by Trump himself.
The meme coin issued by Trump has had a positive impact on the Solana ecosystem, and the price of Solana has also risen sharply.