#Trump family launches cryptocurrency#
Hot Topic Overview
Overview
The Trump family's cryptocurrency launch has sent shockwaves through the crypto community. Donald Trump and his wife Melania have each launched their own meme coins, attracting a significant influx of funds. Trump's meme coin reached a market cap of $14.5 billion at one point, but its price plummeted following the launch of Melania's meme coin. Melania's meme coin, on the other hand, surged over 24,000% in just a few hours, with a trading volume exceeding $1 billion. This event has sparked heated discussions in the crypto space, with many believing that the Trump family is using meme coins to "rug pull" investors, while others see it as a new precedent set by celebrity involvement in the crypto market.
Ace Hot Topic Analysis
Analysis
The Trump family's foray into cryptocurrency has sent shockwaves through the crypto community. Melania Trump, the former First Lady, launched her own meme coin, MELANIA, which garnered significant attention in a short span of time. This led to a near 50% decline in the value of Donald Trump's own meme coin, Official Trump. The event has sparked concerns about the Trump family exploiting the unregulated nature of the crypto space for "rug pulls." Some analysts believe the Trump family's cryptocurrency venture marks a new precedent for celebrity involvement in the space, while others see it as a blatant attempt to exploit investors. Additionally, the Trump family's cryptocurrency launch has contributed to a sharp decrease in cryptocurrency liquidity, leading to market panic and liquidation for many retail investors. Some analysts believe the Trump family's cryptocurrency incident will have a profound impact on the crypto landscape, potentially ushering in a new era for the industry.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump family's coin issuance is taking advantage of the unregulated loopholes in the currency circle, making a fortune wildly, and due to lack of supervision, it is hard to imagine how far they can go.
Trump family's coin issuance is purely entertainment. It is incredible that a former US president launched a token.
Trump family's coin issuance marks a new precedent for celebrities to enter the field, but its operation also exposes the greed of capital, making people realize that everyone except Satoshi Nakamoto is a basket.
Trump family's coin issuance is a major boon to the currency circle, but its operation has also raised concerns about the liquidity being drained from the currency circle. People worry that the currency circle will end the bull market as a result.