Recently, former U.S. President Trump posted a striking update on Truth Social:

"I love Trump Coin, it’s so cool! It’s the best of them all!"

This Trump Coin is set to launch in January 2025 by the Trump Organization on the Solana blockchain, named after Trump himself.

His public statement has quite the impact; the price of Trump Coin surged nearly 10% in a short period, and trading volume also increased significantly, indicating how sensitive the market is to celebrity influence.

Trump is a globally recognized political figure, and his words carry significant market influence.

This time, his support for Trump Coin has made it a focal point for investors and sparked discussions about celebrity influence and sentiment-driven trading.

Some investors feel this means Trump is leveraging his influence to enter the digital asset space.

Who knows, there might be more political and business leaders joining the cryptocurrency market in the future.

However, price fluctuations caused by celebrity statements are generally difficult to sustain, and the risks are quite high.

There have been similar situations in the past where short-term speculation quickly receded.

So, investors need to rationally assess risks and not blindly chase high prices.

Overall, Trump's public support for Trump Coin once again illustrates how significant the influence of celebrities on the market can be in the social media era.