#TrumpCoin breaks through $70.#
Hot Topic Overview
Overview
TRUMP (TRUMP) quickly gained popularity after its release, with its price exceeding $70 and its market capitalization surging 14,000% to €6.8 billion. Exchanges such as Binance and Coinbase have all listed TRUMP and opened trading pairs. The TRUMP team used the token profits to purchase SOL and transferred a large amount of SOL and TRUMP to OKX. There has been a lot of discussion about TRUMP in the market, with many people believing that its emergence marks the beginning of a new era in the cryptocurrency world under Trump's influence, and that SOL will be the biggest beneficiary.
Ace Hot Topic Analysis
Analysis
TrumpCoin (TRUMP) quickly gained popularity after its release, with its price soaring 14,000% in just 26 hours, reaching a market capitalization of €6.8 billion. Exchanges like Binance and Coinbase announced the listing of TRUMP, further pushing up its price. Market information shows that the TRUMP team used the token profits to purchase SOL and withdrew $5 million in USDC liquidity from the Meteora pool to exchange for SOL. This series of actions indicates that the TRUMP team is actively using the token for investment and arbitrage. Moreover, the emergence of TRUMP has sparked heated discussions in the crypto world, with many believing it signifies the entry of a new era in the cryptosphere under Trump's rule. While the future development of TRUMP remains uncertain, its short-term popularity is undeniable.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
The emergence of TrumpCoin marks a new era in the crypto world with Trump in power. Binance's listing might be a result of communication with US law enforcement, meaning that agencies like the SEC won't bother Trump over this matter.
The hype around TrumpCoin will fuel the emergence of various celebrity coins and Trump-related terms, just like the emergence of various animal coins after Dogecoin's explosion.
Trump's team used token profits to buy SOL and withdrew $5 million in USDC liquidity from the Meteora pool to exchange for SOL, indicating they are actively profiting from the tokens.
The emergence of TrumpCoin has had a huge impact on both SOL and ETH chains. SOL's meme and AI narrative will continue to drive its development, while ETH faces the risk of being drained.