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The Trump couple’s coin issuance shocked the market, and Trump-themed coins will continue to be hotly speculated by funds.
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The Trump couple’s coin issuance shocked the market, and Trump-themed coins will continue to be hotly speculated by funds.

In the past two days, the crypto world has experienced an unprecedented shock. Just two days before taking office as president, Trump released his personal "official" Meme coin TRUMP, which immediately triggered a market frenzy. Immediately afterwards, Trump’s wife Melania also launched her own Meme coin MELANIA. This move once again shocked the world and caused violent fluctuations in the encryption market.

Trump issued TRUMP coin, and his net worth soared several times

On January 18, local time, US President-elect Trump announced the launch of his personal Meme coin on social platforms TRUMP. At first, the crypto community questioned the legitimacy of the token and even suspected that it might be a hacker attack. But then, Trump and his second son tweeted to confirm the legitimacy of the token, and the price of TRUMP currency soared.

TRUMP coin opened at $0.1824, rising by more than 15,000 in just 12 hours %, reaching about $30. Within 48 hours, its highest price exceeded 80 US dollars, with a cumulative increase of more than 43,860%, and a fully diluted market value (FDV) of nearly 80 billion US dollars, successfully ranking among the top 20 cryptocurrencies. Since the token is issued based on the Solana blockchain, it also directly drives the price of SOL currency to break through the historical high of this cycle.

According to data from the gettrumpmemes official website, 80% of the supply of TRUMP coins is held by companies under the Trump Group. According to market estimates, since Trump’s ancestors immigrated to the United States more than 100 years ago, through three generations of hard work, the Trump family has accumulated a total wealth of more than 6 billion U.S. dollars. Now, this amount of wealth has skyrocketed by more than 10 billion dollars overnight because of cryptocurrency. times.

The first lady issued MELANIA coins, and the market was ruined

Just when Trump coins caused market madness, Trump’s wife Melania also Taking advantage of the situation, it launched its own cryptocurrency - MELANIA coin. After Trump forwarded it, traders quickly poured in, pushing the price of "First Lady's Coin" to rise rapidly, with FDV reaching a maximum of $13 billion a few hours later.

Trump’s issuance of coins has caused serious bleeding in the encryption market, especially a number of copycats The currency is red across the board. Nowadays, companies are issuing coins one after another, which has had a huge impact on the entire encryption market. While Trump has positioned himself as a champion of the cryptocurrency industry, promisingEstablishing the United States as the “cryptocurrency capital of the world,” the structure of TRUMP’s distribution, coupled with the timing of its release right before the inauguration, raises questions about whether this represents true support for cryptocurrency innovation or whether Is it simply a further monetization of the presidency, a new way of monetizing power?

Questions about the Trump family treating the currency circle as a personal cash machine have severely dampened market confidence. After the "First Lady Coin" went online, Trump Coin plummeted 60% within 30 minutes, Solana fell 20%, Bitcoin once fell below 100,000 US dollars per coin, the maximum intraday drop reached 4.4%, and Ethereum fell below 3,200 Dollar. As of press time, the market has generally gone out of the V-return trend, with Bitcoin hitting a new high of 109,358 and TRUMP oscillating above $55.

TRUMP currency accelerates the era of "influence" monetization

Although Trump's personal issuance of coins has caused widespread moral controversy, its out-of-circle effect is very powerful. Major mainstream media and self-media have seized on this hot spot to report on it, successfully bringing fresh blood and new users to the encryption market. According to Cointelegraph's monitoring, the search volume for terms such as "buy cryptocurrency" and "buy Solana" on Google has surged; in mobile app stores, the top financial apps are almost all occupied by encrypted apps.

Google search volume surges

Financial APP download list

The TRUMP coin incident may become the pattern of the encryption industry An important sign of evolution is the arrival of the era of celebrity currency issuance. Potential token issuers and investors in the United States have been concerned about “regulatory issues” for more than three years. Now, when the president himself is both an issuer and an investor, that concern can be completely eliminated. In the future, "influence listing" will become a trend, and more and more people may monetize their "influence." Arthur Hayes, co-founder of BitMEX, said ongn: left;">The strong wealth effect stimulates the formation of "consensus", and there will be another wave of wealth. It is expected that the market will continue to fall into this FOMO mood, and there will be opportunities and more challenges. High short-term risks

The inauguration is approaching, and Trump’s topic will continue to be hotly speculated by funds

From selling NFT in the early years, to the recent WLIF project, and now personally issuing TRUMP coins, Trump has been making constant moves in the field of cryptocurrency. Led by the powerful money-making effect of TRUMP, Trump-related topics It has become the most certain trading direction in the short term

Currently, Trump’s main trading lines have three clear directions: first, the token portfolio held by the WLFI protocol initiated by the Trump family, including ETH, AAVE, LINK, and ENA; second, for Trump The campaign provides large funds and resources to support projects, such as DOGE and XRP; the third is the Meme coins issued by Trump and his family, including TRUMP

Tonight, Trump will hold a formal inauguration ceremony. At this point in time, market speculation is still high, and the currency circle is destined to usher in another carnival.

4E as Argentina As an official partner of the team, it integrates a variety of financial products such as cryptocurrency, foreign exchange, commodities, stocks and indices. Currently, TRUMP spot and U-based perpetual contracts are online, and other currencies directly related to Trump transactions are covered. Supports 1-125 times leverage long and short transactions

4E, as a leader in global financial asset trading, also supports financial products with annualized yields as high as 5.5%. Users holding USDT can invest with one click at any time. In addition, the 4E platform has a US$100 million risk protection fund. , adding another layer of protection to users’ financial security. With 4E, investors can keep up with market trends, flexibly adjust strategies, and seize every potential opportunity.

Keywords: Bitcoin
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