US President-elect Donald Trump announced the launch of his own cryptocurrency, $TRUMP, on social media. On the first day, 200 million coins will be available to users, and within three years, the total emission volume will grow to one billion.
In the first hours after the launch, the capitalization of the $TRUMP memcoin reached three billion dollars, and an hour and a half later it exceeded four billion, then an hour later - already 5 billion.
The project's website is designed in Trump's style and contains his phrase "Fight, fight, fight", said after the assassination attempt in the summer of 2024.
But what is interesting is not this event in itself, but the reaction of the rest of the market and all other cryptocurrencies.
All other coins are in the red zone, except Solana, which is the basis of the $TRUMP cryptocurrency, which is natural, since it is the main beneficiary and caliph for the hour of this event!
As one of the slogans on the project website says: The TRUMP Meme encourages a culture of success & optimism to make the world a better place. We are positive, but now all signs point to one coin taking all the liquidity from the market. More precisely, it has already taken all the liquidity, and the rest of the market began to fall.
Thinking people understand that if such an interesting and positive event happens in the market, then the whole market should grow, but we see the opposite.
Diagnosis
The market is dead, and Trump has collected the last he could. A great move, and the coin will most likely take a worthy place in the cryptocurrency rating.
But when the hour of reckoning comes and the entire market starts to fall, don't say we didn't warn you.
Good luck!
