#TrumpCoin trading is booming.#
Hot Topic Overview
Overview
TrumpCoin trading has exploded, with on-chain volume exceeding $7 billion in the first 24 hours of its launch, surpassing the total transaction volume of Ethereum and all its L2s. The coin's price has hit a record high, potentially increasing its net worth by 5 times. The market is very enthusiastic about TrumpCoin, with many investors hoping to capitalize on the potential for BTC to rise in value under Trump's policies. However, some investors are concerned about a potential "sell the news" scenario, suggesting that TrumpCoin may be a flash in the pan. Bybit CEO BEN stated that yesterday, all CEXs saw significant outflows of SOL and USDC, flowing onto the blockchain to purchase TRUMP. Moonshoot + Meteora/Jupiter created over $30 billion in memecoins in less than 10 hours, without the need for any CEX. Bybit CEO BEN believes that we must focus on the on-chain ecosystem in 2025, or we will be left behind.
Ace Hot Topic Analysis
Analysis
TrumpCoin trading has exploded, with its price soaring 1,250% in just a few hours after launch and attracting billions of dollars in trading volume. While there was initial speculation that the social media announcement was a hack, the release of the coin was confirmed by Trump himself, igniting a market frenzy. Some analysts believe Trump may issue executive orders favorable to digital assets after taking office, which would inject a shot in the arm for Bitcoin's trajectory. However, other analysts have pointed to the potential for a bubble in the coin and the possibility of a "sell the news" event. Nonetheless, the launch of TrumpCoin is still being seen as a significant event in the crypto industry, one that will attract more people to the crypto market.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
The launch of TrumpCoin sparked market frenzy, with its price soaring in a short period of time, attracting a large number of investors to participate.
The launch of TrumpCoin is seen as Trump's endorsement of the cryptocurrency industry and could drive the development of the cryptocurrency market.
The launch of TrumpCoin has also sparked debate about its value and sustainability, with some arguing that its price is a bubble and could face a crash risk.
The launch of TrumpCoin has also raised ethical questions about political figures issuing coins and their impact on the market.