Users began massively selling off any altcoins, withdrawing funds, and buying Trump.
Binance quickly implemented a wide-scale Risk-Off strategy to minimize outflows or make them unprofitable.
Meanwhile, Solana is pumping due to unreal buying pressure on the order books. Trump choosing $SOL means a lot.
Overall, even though altcoins have dropped across the board, the event itself is positive. Now we just need to wait for things to settle down. After that, market makers will likely shift back to Risk-On, and everything will turn green again.
That’s how I see it.
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