CoinEx Daily: U.S. President’s Token Shakes the Market

Overview

Over the weekend, the Trump family announced the official Meme token TRUMP, with its market cap surpassing $70 billion in just two days. This event has ignited significant market enthusiasm.

Daily Macro

Bitcoin Market Performance: Bitcoin remained relatively stable over the weekend but dropped today, briefly falling below $100,000.

BTC ETF Performance: BTC ETFs recorded a net inflow of $975 million on Friday.

ETH ETF Performance:ETH ETFs recorded a net inflow of $23 million on Friday.

Macro Economic Data: Donald Trump officially assumes the presidency of the United States today.

Daily Focus

TRUMP

Reason for Attention: On January 18, U.S. President Donald Trump announced the launch of his namesake Meme token TRUMP across multiple social media platforms. Over the weekend, the token gained massive attention and market influence.

Token Performance: TRUMP: -31% (24h).

How to Participate: The TRUMP token is closely tied to the actions of Trump and his team. It exhibits high volatility and significant influence on the broader crypto market. Investors should exercise caution.

Next Focus

MELANIA

Why It Matters: On January 20, First Lady Melania Trump announced the launch of her Meme token MELANIA. Within 4 hours of its launch, MELANIA achieved an FDV of $10 billion and a trading volume of $658 million, showcasing extreme market fervor.

How to Participate: The Trump family’s involvement in launching tokens has shifted market sentiment. There’s skepticism about whether MELANIA can replicate TRUMP’s trajectory. Investors should closely monitor market developments and act cautiously.