On January 18, 2025, US President Donald Trump officially announced the launch of his own named Meme Coin, TRUMP, on his social media platform Truth Social. In his release, he stated, "My new official Trump meme coin has been launched. Buy $TRUMP now!" When asked about his knowledge of the coin, Trump responded, "I don't know if it will make a profit, I don't know much about it, I just know it's very successful." This statement has sparked widespread attention and questioning from the market and media$ TRUMP coin market performance: According to reports$ Within just one hour of the issuance of TRUMP coin, its market value quickly surpassed $3 billion, attracting a large number of investors to flock in. The next day$ The fully diluted market value of TRUMP coin even surpassed $80 billion at one point. However, as the market fluctuated, the price of the coin immediately experienced drastic fluctuations. Criticism within the industry: Trump and his wife Melania's cryptocurrency issuance has sparked intense controversy in the cryptocurrency field. Many industry insiders have pointed out that this move may damage the overall reputation of the cryptocurrency market and attract further attention from regulatory agencies. In addition, Trump himself has extremely limited knowledge of the currency being issued, which has raised doubts about his motives and sense of responsibility for issuing this currency. An analyst in the encryption industry commented: "This is a highly speculative behavior, perhaps more for the purpose of hyping personal image rather than really promoting the development of encryption technology." More experts worry that this behavior may cause excessive popularity among retail investors, eventually forming an asset foam, which will have a deeper negative impact on the market. The potential impact of memes: Although the launch of $TRUMP has injected some liquidity into the market in the short term, its speculative nature and Trump's own words and actions may raise doubts about the cryptocurrency market, further triggering regulatory intervention and scrutiny# Coin Circle Crash Diary: My 2024 Pitfall Moment # Crypto Market Downturn # Crypto Friendly Uyeda Takes Over SEC # What Will the Market Do After Trump's inauguration$ SOL $ETH $TRUMP {future}(BTCUSDT){future}(ETHUSDT){future}(SOLUSDT)