The cryptocurrency craze is back! How Trump's dinner changes the market landscape
A promise of "dining with Trump" instantly ignited the crypto market. After the official Trump meme coin "TRUMP" launched a whale reward program, on-chain transfers exceeded $2.4 billion in a single day, and trading activity surged by 200%.
The TRUMP team announced an invitation for the top 220 whales to attend the dinner, with the top 25 able to meet Trump face-to-face. This became the most expensive meme coin dinner in history, instantly igniting the market, with TRUMP's price soaring from $9 to $14.5, setting a new trading volume record.
However, this move has sparked controversy politically and morally, questioning whether the current president is overstepping by fundraising through the crypto space. On-chain data also indicates ties with TRON founder Justin Sun, raising speculation. Although trading heat has slightly cooled down, Kaiko expects the market to become active again as the event deadline approaches.
In addition, meme coins related to Trump are incredibly popular, especially the heroic dog Co nan, backed by Trump's strong IP and active community. Recently, its market cap broke the $10 million mark, and has since slightly corrected to about $7.2 million, presenting a great opportunity for entry and replenishment. The number of holders has surpassed 12.5K and continues to grow, showing great potential to become a dark horse in the bull market!
If everyone wants to gain further insight into the development of the entire crypto space and the meme sector, feel free to reach out at Meme交流區 to exchange ideas!
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