#Trump: I love $TRUMP
Recently, former U.S. President Trump posted a noteworthy 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 be launched in January 2025 by the Trump organization on the Solana blockchain, named after Trump himself.
His public statement is quite significant; the price of Trump Coin surged nearly 10% in a short time, and trading volume also increased significantly, showing how sensitive the market is to celebrity effects.
Trump is a globally renowned political figure, and his words carry substantial market influence.
This support for Trump Coin has made it a focal point of interest for investors, sparking discussions about celebrity effects and emotion-driven trading.
Some investors feel this indicates that Trump is leveraging his influence to enter the digital asset realm.
Perhaps in the future, more political and business leaders will join the cryptocurrency market.
However, price fluctuations caused by celebrity statements typically do not last long and carry high risks.
There have been similar situations in the past where short-term speculation quickly subsided.
Therefore, investors need to rationally assess risks and avoid blindly chasing prices.
Overall, Trump's public support for Trump Coin once again demonstrates the significant influence celebrities have on the market in the social media era.
